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Oil refiners can refine a barrel of petroleum so that it yields either more home heating oil or more diesel fuel. If the price of
Oil refiners can refine a barrel of petroleum so that it yields either more home heating oil or more diesel fuel. If the price of diesel fuel falls, there is
A an increase in the demand for home heating oil.
B a decrease in the quantity of home heating oil supplied. how is b wrong?
C an increase in the quantity of home heating oil supplied.
D an increase in the supply of home heating oil.
E a decrease in the supply of home heating oil.
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