Discuss some of the factors suggested in the case study, Ask an Expert

Economics

(a) Discuss some of the factors suggested in the case study that might cause an increase in the world demand for oil.

(b) Now discuss possible reasons for a decrease in the world demand for oil.

(c) Can you think of reasons why there might be a fall in the equilibrium price of oil but a rise in the equilibrium quantity?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M971156

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