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A. Based on the above supply curve, fill in the table below. Price|Quantity Supplied$12 40B. If the price for one barrel of oil was $15,

A. Based on the above supply curve, fill in the table below. Price|Quantity Supplied$12 40B. If the price for one barrel of oil was $15, how much oil would suppliers be willing to supply? C. What is the lowest price at which suppliers of oil would be willing to supply 20 MBD?

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Chapter 3 P.42 1. Consider the following supply curve for oil. Note that MBD stands for "millions of barrels per day," the usual way people talk about the supply of oil: Price of oil per barrel Supply of oil $50 30 20 15 12 20 25 30 40 48 Quantity of oil (MBD)

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