What will be the resulton the market for oil in the us

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Suppose that more companies receive permission to drill foroil in Alaska and U.S.-controlled waters. In addition, assume thatthe popularity of SUV's declines in favor ofsmaller, more fuel efficient automobiles.. What will be the resulton the market (supply, demand, price, and quantity) for oil in theU.S.? How does this move the supply and demand curve?

Reference no: EM13243705

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