An Increase in Demand for Oil Along with a Simultaneous

question 308

Multiple Choice

An increase in demand for oil along with a simultaneous increase in supply of oil will

• A) decrease price and increase quantity.
• B) increase price and decrease quantity.
• C) increase quantity, but whether it increases price depends on how much each curve shifts.
• D) increase price, but whether it increases quantity depends on how much each curve shifts.

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Definitions:

Serratus Anterior

The serratus anterior is a muscle of the thorax that helps in the movement and stabilization of the shoulder blade.

Transverse Abdominal

A muscle layer of the anterior and lateral abdominal wall, important for stabilizing the core.

Latissimus Dorsi

A large, flat muscle on the back that helps with the movement of the shoulders and arms, including rotation and pulling movements.

Trapezius

A large superficial muscle that extends longitudinally from the occipital bone to the lower thoracic vertebrae and laterally to the spine of the scapula, involved in moving the shoulder and neck.