An increase in demand for oil along with a simultaneous increase in supply of oil will: a.
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Question:
An increase in demand for oil along with a simultaneous increase in supply of oil will:
a. Increase price, but whether it increases quantity depends on how much each curve shifts
b. Decrease price and increase quantity
c. Increase quantity, but whether it increases price depends on how much each curve shifts
d. Increase price and decrease quantity
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