Assume that the government of a nation rations the crude, Ask an Expert

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Assume that the government of a nation rations the crude oil available to car owners each month which reduces the overall demand for petroleum. However, the nation continues to import oil from the world market. Which of the following will be observed in the oil market?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9490788

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