When summer hurricanes pass through the Gulf of Mexico and force ...

[saraeharris]

When summer hurricanes pass through the Gulf of Mexico and force oil drillers to evacuate their rigs,
 
  A) the supply of oil increases, which therefore increases price.
  B) the supply of oil increases, which therefore decreases price.
  C) the supply of oil decreases, which therefore increases price.
  D) the supply of oil decreases, which therefore decreases price.

Question 2

The existence of a shortage
 
  A) means resources are being allocated efficiently.
  B) is impossible in a market economy.
  C) pushes the price u

[Anonymous]

Answer to Question 1

C

Answer to Question 2

C

[saraeharris]

Thanks for the timely response, appreciate it

[kishoreddi]

YES! Correct, THANKS for helping me on my review