If an Inexpensive Alternative to Oil Were Found,the Price of Oil

question 97

Multiple Choice

If an inexpensive alternative to oil were found,the price of oil adjusted for inflation

• A)would decline as the alternative would reduce the demand for oil.
• B)would decline as the alternative would reduce the supply of oil.
• C)would increase as the alternative would increase the demand for oil.
• D)would increase as the alternative would increase the supply of oil.

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