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In Operation Desert Storm, Oil Facilities in Iraq Were Attacked

Question 137

Multiple Choice

In Operation Desert Storm, oil facilities in Iraq were attacked amid strong demand for oil. In response, political pressure motivated OPEC to increase the daily quota by 2 million barrels a day. Assuming demand did not change, which of the following series of prices most likely matches how the price of a barrel of oil changed from (1) before the attack, to (2) just after the attack, to (3) after OPEC increased the quota?


A) $42, $38, $40
B) $38, $40, $42
C) $42, $40, $38
D) $40, $42, $38

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