-In the figure above, an increase in the supply of oil would result in a movement from

Name: -In the figure above, an increase in the supply of oil would result in a movement from
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An increase in the supply of oil would shift the supply curve to the right, leading to a movement from a higher price and lower quantity point (point a) to a lower price and higher quantity point (point b) on the demand curve.

-In the Figure Above, an Increase in the Supply of Oil