Author Question: When summer hurricanes pass through the Gulf of Mexico and force oil drillers to evacuate their ... (Read 52 times)

saraeharris · **on:** Jun 29, 2018

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