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All Else Equal, When Oil Prices Decrease, Oil Exploration Processes

Question 14

Multiple Choice

All else equal, when oil prices decrease, oil exploration processes like hydraulic fracturing become less advantageous for oil companies, 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:

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