Test: Midterm Exam 2 (Spring 2021) Time Rema This Question: 2 pts 6 of 40 (37 complete) Think back to our in-class discussion of the market for oil. Suppose that the curves in the figure to the right represent two supply curves for oil. The movement from point A to B on S, is caused by: S1 O A. a technological innovation that makes it cheaper to extract and produce oil O B. a decrease in the price of oil C A O C. an increase in the price of oil K Price (dollars per barrell of oil) O D. a decrease in the price of substitutes to oil Indicate which of the following would cause a movement from point A to C. (Check all that apply.) A. An increase in the number of buyers of oil B. An increase in the price of oil. C. Technological innovations like hydraulic fracking that make it cheaper to extract oil Quantity (barrels of oil) D. An increase in the expected future price of oil