Suppose that a war in the Middle East makes oil increasingly scarce. Oil usage should:
A) increase in low-value uses.
B) fall the most in high-value uses.
C) fall the most in low-value uses.
D) fall equally across low- and high-value uses.

Question

Quizplus · Accepted Answer

When oil becomes scarce, it is likely to be conserved for high-value uses where it is most needed, leading to a reduction in low-value uses where alternatives or reductions are more feasible.

Suppose That a War in the Middle East Makes Oil