All else equal, when oil prices decrease, some economical sources of oil tend to become less economical, and this will ________ proven reserves of oil and ________ the number of years it will take to deplete the stock of oil.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
Correct Answer:
Verified
Q5: If there are an estimated 20,000 barrels
Q6: The proven-reserves figure used in most years-to-depletion
Q7: All else equal, if oil prices increase,
Q8: All else equal, if oil prices decrease,
Q9: All else equal, when oil prices increase,
Q11: All else equal, as the price of
Q12: All else equal, as the price of
Q13: All else equal, when oil prices increase,
Q14: All else equal, when oil prices decrease,
Q15: All else equal, when oil prices increase,
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