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Explain what happens to price and quantity of oil when the

Explain what happens to price and quantity of oil when the following events occur:

a.The rising popularity of hybrid vehicles

b.A slowdown in the production of crude oil worldwide.

c.Congressional action that allows oil-drilling operations in more areas of the Alaska reserve.

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Macroeconomics: Explain what happens to price and quantity of oil when the

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Macroeconomics: Explain what happens to price and quantity of oil when the

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