This Year a New Oil Field with Substantial Reserves Has

question 22

Multiple Choice

This year a new oil field with substantial reserves has been discovered. Such discoveries are not made every year. Therefore an increase in the demand for oil will:

• A) increase the long-run price of oil more than the short-run price of oil.
• B) increase the long-run price of oil less than the short-run price of oil.
• C) ensure the long-run price of oil and short-run price of oil increase by the same amount.
• D) ensure that the short-run price of oil falls.
• E) ensure that the short-run price of oil remains unchanged.

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Definitions:

Laser Printer Part

Components used in a laser printer, which prints images by transferring toner to paper using laser technology.

Corona Wire

The corona wire is a component in laser printers and photocopiers used to generate a static electric charge to attract toner particles onto the paper.

Fuser

A component in laser printers and copiers that uses heat and pressure to bond toner to paper, producing a printed image or text.

CIS

Center for Internet Security, an organization that provides best practices and security benchmarks to help protect organizations against cyber threats.