When Oil Was Deregulated in the Late 1970s, the Number

question 197

Multiple Choice

When oil was deregulated in the late 1970s, the number of wells pumping oil more than doubled. This reflects a/an

• A)increase in the quantity supplied.
• B)increase in supply.
• C)decrease in supply.
• D)decrease in the quantity supplied.
• E)an increase in demand.

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