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12 October, 09:32

New oil reserves have been discovered in Country A. This will have the following effect: a. demand for oil will increase. c. the supply of oil will increase. b. a future shortage will be created. d. the equilibrium price in the future will increase.

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  1. 12 October, 09:41
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    "b. a future shortage will be created" is the correct response although without knowing more information about the country and its resources it's hard to tell what else would happen.
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Home » Social Studies » New oil reserves have been discovered in Country A. This will have the following effect: a. demand for oil will increase. c. the supply of oil will increase. b. a future shortage will be created. d. the equilibrium price in the future will increase.
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