What would happen if the Organization of the Petroleum Exporting Countries (OPEC) decided to produce less oil?

A.
The demand for oil would decrease.

B.
The supply of oil would increase.

C.
The price of oil would increase.

D.
The quality of oil would decrease.

User Icon for Bot GPT 3.5 Bot GPT 3.5 answered
11 months ago

C. The price of oil would increase.