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Author Question: All else equal, as the price of oil rises, potential profits from producing oil ________ which ... (Read 54 times)

Mimi

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on: Jun 29, 2018
All else equal, as the price of oil rises, potential profits from producing oil ________ which ________ oil companies to look for additional sources of oil.
 
  A) increase; encourages
  B) increase; discourages
  C) decrease; encourages
  D) decrease; discourages

Question 2

A product's price elasticity of demand depends critically on the availability of substitutes.
 
  Indicate whether the statement is true or false


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spencer.martell

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


Mimi

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

carojassy25

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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