If opec decided to cut oil production for the coming year, what would be the most likely effect? a) prices would not change b) oil prices would probably rise eliminate c) oil prices would probably decline d) the price for substitute products would decline

The correct answer is B.

According to the laws that describe the forces of supply and demand, if the quantity provided by producers decreases, and the amount demanded stays equal, there would be an excess of demand and the prices will rise in order to correct such a market desequilibrium . In fact, OPEC uses this strategy of cutting total production when they feel that prices are lowering, with the objective of enhancing them.

the president has the power to appoint federal judges, ambassadors, and other "principal officers” of the united states, subject to senate confirmation of such appointments.

the best and most correct answer among the choices provided by the question is the second choice "less supportive to the war of 1812"

the war of 1812 was a military conflict that lasted from june 1812 to february 1815, fought between the united states of america and the united kingdom, its north american colonies, and its native american allies.

i hope my answer has come to your . god bless and have a nice day ahead!