In the Early 1970s,OPEC's Goal Was to

question 5

Multiple Choice

In the early 1970s,OPEC's goal was to

• A)decrease the world-wide price of oil so that the quantity demanded increased,thus raising total revenues for OPEC members.
• B)increase the world-wide price of oil by reducing the quantity of oil supplied.
• C)increase the world-wide price of oil by increasing the quantity of oil supplied,thus raising total revenues for OPEC members.
• D)decrease the world-wide price of oil so that quantity demanded increased.

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