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29. A shortage of OPEC oil raises oil prices because of:
A) the law of elastic supply.
B) the law of elastic demand.
C) the downward-sloping demand curve.
D) all of the above.
E) none of the above.

By OTA:  Jiong Tu, PhD (IP)

OTA Rating:  4.8/5

Your Price:  $2.19  (original value ~$3.99)

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