Which of the Following Will Cause a Movement Along the Supply

question 264

Multiple Choice

Which of the following will cause a movement along the supply curve for oil?

• A) new technology to drill oil from existing oil wells
• B) an increase in the price of oil
• C) an increase in the number of oil producers
• D) government tax on oil producers in Texas

---

Definitions:

Distributor

An entity that buys products in bulk from manufacturers and sells them to retailers or directly to consumers.

Foreign Market

A marketplace outside a company's home country where it can engage in trade or investment, offering opportunities for growth but also posing challenges like cultural and legal differences.

Resale

The act of selling a product or property previously purchased, often used goods or properties, in various markets or channels.

Dispute Settlement Understanding

An agreement that is part of the WTO system whereby recognized governments of WTO member states may bring an action alleging a violation of GATT by other member states.