When OPEC raised the price of crude oil in the 1970s, this lead to long lines at the petrol station because:
A) a price ceiling was preventing prices from rising until supply and demand were in equilibrium
B) a cut in oil supply resulted in there being less petrol
C) the demand for petrol increased
D) the demand for petrol decreased
Correct Answer:
Verified
Q68: Graph 6-3 Q69: Graph 6-6 Q70: Which of the following is NOT a Q71: Water shortages caused by droughts can be Q72: Rent controls lead to: Q74: The minimum wage is an example of: Q75: If the minimum wage is below the Q76: The minimum wage has its greatest adverse Q77: Graph 6-3 Q78: Workers with high levels of skill and 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
A)a shortage of housing
A)a
