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What would be the impact on the supply curve of oil if a major oil-producing country banned all exports to the United States? short answers pls!!! thank u ily

What would be the impact on the supply curve of oil if a major oil-producing country banned all exports to the United States? short answers pls!!! thank u ily
31.1k views
3 votes
What would be the

impact on the supply curve of oil if a major
oil-producing country banned all exports to the
United States?


short answers pls!!! thank u ily

User Lisa
by
7.7k points

1 Answer

2 votes
The supply curve would go down while the demand would go up
User Ganesh Kudva
by
9.2k points
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