According to an article in the Wall Street Journal in early 2019, the price of oil produced in the United States had increased by 25 percent since the beginning of the year. At the same time, U.S. oil production was at a record high. Source: Dan Molinsky, "Oil Prices Decline as U.S. Crude Production Hits Record," Wall Street Journal, February 21, 2019. a. Are these two facts alone, holding everything else constant, consistent with a movement along the supply curve for oil? A. Yes A higher price of oil causes an increase in the quantity of oil supplied, which we show by a movement upwards along the supply curve for oil. B.No. An increase in the quantity of oil produced can only be represented by a rightward shift of the supply curve for oil, not a movement along it. C.No. An increase in the quantity of oil produced can only be represented by a leftward shift of the supply curve for oil, not a movement along it. D.Yes. A higher price of oil causes an increase in the quantity of oil supplied, which we show by a movement downwards along the supply curve for oil