A Leftward Shift of the Supply Curve for Oil in the United

question 76

Multiple Choice

A leftward shift of the supply curve for oil in the United States is most likely to result from:

• A) A decrease in the fees that oil companies must pay for drilling licenses
• B) An increase in the subsidy for oil exploration and drilling
• C) A decrease in the world price of oil
• D) An increase in the costs of exploration and drilling for oil

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