Ask Question
4 August, 10:14

New oil reserves have been discovered in Country A. This will have the following effect: a. demand for oil will increase. c. the supply of oil will increase. b. a future shortage will be created. d. the equilibrium price in the future will increase.

+3
Answers (1)
  1. 4 August, 11:45
    0
    "b. a future shortage will be created" is the correct response although without knowing more information about the country and its resources it's hard to tell what else would happen.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “New oil reserves have been discovered in Country A. This will have the following effect: a. demand for oil will increase. c. the supply of ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers