What will be the result on the market for oil in the us

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Suppose that more companies receive permission to drill for oil inAlaska and U.S.-controlled waters. In addition, assume that thepopularity of SUVs declines in favor of smaller, more fuelefficient automobiles. What will be the result on the market(supply, demand, price, and quantity) for oil in the U.S.? How does this move the supply and demand curve?

Reference no: EM13243265

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