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tino4ka555 [31]
3 years ago
6

When Hurricane Katrina shut down many oil refineries, the supply curve for oilA. shifted to the leftB. shifted to the rightC. st

ayed the sameD. became equal to zero

Business
1 answer:
4vir4ik [10]3 years ago
3 0

Answer:

A. shifted to the left

Explanation:

When refineries shut down,the supply of oil would reduce. This would lead to a shift of the supply curve to the left.

I hope my answer helps you

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3 years ago
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Answer:

The Global Economic Crisis

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Hedge funds, banks, and insurance companies helped to cause the subprime mortgage meltdown while regulators looked the other way.  They were given free rein to construct so many complex securities which somehow contributed to the mortgage defaults with financial institutions skimming fees during the securitization processes, and mortgages were made accessible for borrowers who did not meet the income and minimum down payment requirements.

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