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Business, 24.10.2019 03:00 draveon6925

Consider the supply of crude oil on the world market. in august 2011, the price of oil was roughly $80 per barrel. which of the following changes would increase the supply of oil? the oil supply curve would shift to the right if the prices of other petroleum-based products (substitutes) were to increase. the number of oil-producing countries were to decrease. the cost of transporting oil were to increase. future oil prices were expected to be lower. the world price of oil were to increase.

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Consider the supply of crude oil on the world market. in august 2011, the price of oil was roughly $...

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