An expected increase in the market price of oil in the coming year is

An expected increase in the market price of oil in the coming year is likely to:

A) shift the supply curve of oil to the right in the current year.
B) shift the demand curve for oil to the left in the current year.
C) cause no changes in the demand and supply curves of oil in the current year.
D) shift the supply curve of oil to the left in the current year.

ANSWER

D