2 Points
What happens when OPEC increases the production of oil?
O
A. Oil supplies shrink.
O
B. Oil prices drop
O
C. An oil embargo begins.
O
D. Industrialized countries import less oil.
SUBMIT
OPEC is exports the most oil in the world to all countries and if they produce a lot more oil prices would drop a lot. More supply = less demand = dropped prices.
