How do you think each of the following affected the world price of oil? (Use demand and
Question:
a. Tax credits were offered for expenditures on home insulation.
b. The Alaskan oil pipeline was completed.
c. The ceiling on the price of oil was removed.
d. Oil was discovered in the North Sea.
e. Sport utility vehicles and minivans became popular.
f. The use of nuclear power declined.
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a Such credits decreased the demand for oil and lowered the world price b This inc...View the full answer
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Related Book For 
Microeconomics A Contemporary Introduction
ISBN: 978-1111415921
9th edition
Authors: William A. McEachern
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