In 2019, the price of a barrel of crude oil dropped between 10-15%. The drop in price has been linked to the loosening of the Organization of Petroleum Exporting Countries (OPEC) control over oil. Select the item from the list provided to make the following statements true. 1. A drop in price (ceteris paribus) would cause a movement along the demand curve. An economist would describe this as a/an __________. 4. How would the impact on demand be described if there was an increase in the price and decrease in quantity demanded of crude oil, ceteris paribus? ________ 10. If the quantity demanded of crude oil decreases, ceteris paribus, this could be explained if the price of crude oil __________. 1. movement up and along the demand curve 2. increases 3. increase then decrease 4. shift to the left of the demand curve 5. decrease 6. decrease in demand 7. shift right of the demand curve 8. shift left of the supply curve 9. movement down and along the supply curve 10. movement down and along the demand curve 11. is halved 12. remain unchanged