Oil producers expect that oil prices next year will be higher than oil prices this year. As a result, oil producers are most likely to
A) place more oil on the market this year, thus shifting the present supply curve of oil rightward.
B) hold some oil off the market this year, thus shifting the present supply curve of oil leftward.
C) place more oil on the market this year, thus increasing the quantity supplied of oil at lower but not higher prices.
D) hold some oil off the market this year, thus decreasing the quantity supplied of oil at lower but not higher prices.
B
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If the required reserve ratio is 100 percent, could the Federal Reserve still change the money supply with open market operations? Explain whether they could or could not
What will be an ideal response?
An advantage of the corporate form of business organization is
A) unlimited liability. B) easier access to capital. C) that profits are taxed only on one level. D) government supervision of its activities.