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12 April, 03:26

When Hurricane Katrina shut down many oil refineries, the supply curve for oil

A. shifted to the left

B. shifted to the right

C. stayed the same

D. became equal to zero

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Answers (2)
  1. 12 April, 03:37
    0
    A. Shifted to the left.

    When supply decreases, prices increase.
  2. 12 April, 03:45
    0
    When Hurricane Katrina shut down many oil refineries, the supply curve for oil shifted to the left. This is because the oil refineries in the Gulf of Mexico shut down which meant the supply for oil dropped.
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