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-The Above Figure Shows the Market for Oil

Question 110

Multiple Choice

-The above figure shows the market for oil. Because of the development of a new deep sea drilling technology the A) demand curve does not shift, and the supply curve shifts from S2 to S1. B) demand curve shifts from D1 to D2 and the supply curve does not shift. C) demand curve does not shift, and the supply curve shifts from S1 to S2. D) demand curve shifts from D1 to D2 and the supply curve shifts from S1 to S2.
-The above figure shows the market for oil. Because of the development of a new deep sea drilling technology the


A) demand curve does not shift, and the supply curve shifts from S2 to S1.
B) demand curve shifts from D1 to D2 and the supply curve does not shift.
C) demand curve does not shift, and the supply curve shifts from S1 to S2.
D) demand curve shifts from D1 to D2 and the supply curve shifts from S1 to S2.

Correct Answer:

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