In 1980 when Iraq attacked Iran, the price of oil _______because of a(n) ______.
A) increased; disruption in the supply of oil (True Answer ) Correct
B) increased; decrease in the demand for oil
C) fell; increased demand for oil
D) fell; increased quantity of oil supplied
Correct Answer:
Verified
Q69: OPEC is able to raise oil prices
Q73: Economic growth in China has led to
Q79: At the equilibrium price, quantity demanded is
Q82: There is no difference in saying that
Q91: A market shortage can be defined as
Q97: A market surplus can be defined as
Q159: When the price of a good increases,
Q166: Which choice explains how the OPEC crisis
Q199: The price of professional sports tickets is
Q206: In a free market equilibrium, the gains
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents