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Author Question: This year a new oil field with substantial reserves has been discovered. Such discoveries are not ... (Read 37 times)

cnetterville

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on: Jul 1, 2018
This year a new oil field with substantial reserves has been discovered. Such discoveries are not made every year. Therefore an increase in the demand for oil will:
 
  A) increase the long-run price of oil more than the short-run price of oil.
  B) increase the long-run price of oil less than the short-run price of oil.
  C) ensure the long-run price of oil and short-run price of oil increase by the same amount.
  D) ensure that the short-run price of oil falls.
  E) ensure that the short-run price of oil remains unchanged.

Question 2

By 2011, how much had U.S. housing prices declined from their peak in 2006?
 
  A) 2 percent
  B) 33 percent
  C) 40 percent
  D) 50 percent


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matt

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


cnetterville

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
Wow, this really help

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