Use the Following to Answer Questions: Figure: Oil Market Diagrams

question 41

Multiple Choice

Use the following to answer questions: Figure: Oil Market Diagrams
-(Figure: Oil Market Diagrams) Consider the world oil market diagrams presented in the figure. Which of the panels correctly depicts what happened in the market for oil during the 1973 OPEC oil crisis?

• A) Panel A
• B) Panel B
• C) Panel C
• D) Panel D

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