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Which of the following can explain OPEC's early success? A. Many oil-importing nations adopted policies that strengthened OPEC's position. B. The price elasticity of demand

Which of the following can explain OPEC's early success?

A. Many oil-importing nations adopted policies that strengthened OPEC's position.

B. The price elasticity of demand for oil is low in the short run.

C. The price elasticity of supply for oil is low in the short run.

D. All of the above contributed to OPEC's early success.

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