Suppose a War in the Middle East Destroys Many Oil

question 136

Multiple Choice

Suppose a war in the Middle East destroys many oil fields. This will cause a(n)

• A)redistribution of income from the rich to the poor.
• B)increase in the quantity of oil traded.
• C)increase in oil prices.
• D)decrease in the demand for oil.
• E)increase in the supply of oil.

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