When the representatives of the OPEC countries met in March 1999 and decided to reduce the amount of oil each country would produce,the result was
A) the world demand for oil fell.
B) the world supply of oil fell.
C) the price of oil fell.
D) All of the choices were results of this meeting.
Correct Answer:
Verified
Q139: Q140: An increase in price will increase Q141: A change in demand refers to Q142: As price rises,quantity demanded gets _ and Q143: Who said,"We might as reasonably dispute whether Q145: Which of the following most likely would Q146: An increase in the price of ice Q147: How will the development of the hybrid Q148: Suppose it was discovered that the consistent Q149: Each of the following can cause a
A)demand.
B)supply.
C)quantity demanded.
D)quantity
A)a shift
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