The Supply Curve for Oil Is ________ Because ________

question 4

Multiple Choice

The supply curve for oil is ________ because ________.

• A) elastic; per unit costs do not increase when the quantity supplied increases
• B) elastic; oil exploration and drilling is not expensive relative to revenues earned
• C) inelastic; per-unit costs rise quickly when the quantity supplied increases
• D) inelastic; oil exploration and drilling is not expensive relative to revenues earned

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Definitions:

Self-Destructive Habit

Behaviors or activities that are harmful to oneself and that undermine one’s health, well-being, or quality of life.

Addiction

A psychological and physical inability to stop consuming a chemical, drug, activity, or substance, even though it is causing harm.

Seasonal Affective Disorder

A type of depression that occurs at a specific time of the year, typically in winter, when there is less natural sunlight.

Ventricles

Hollow organs or cavities in the body; in the brain, they are filled with cerebrospinal fluid and linked to the central nervous system's function.