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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.

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    https://brainmass.com/economics/supply-and-demand/19324

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    OPEC oil raises oil prices, then the quantity demanded will be lowered because of ...

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