Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Management Studies


Home >> Business Management

In September 2014, oil was priced at about $90 a barrel. Assume the market for oil was in equilibrium at this point in time. This September, oil is in the neighborhood of $45 a barrel. Assume this represents a new equilibrium condition in the oil market. 

What change in the demand for oil (write INCREASE or DECREASE) would explain the recent decrease in the price of oil? How would you demonstrate this graphically? For the second part of this question you can either explain how you would demonstrate this; or accurately and clearly draw a graph showing the change in demand.

What change in the supply of oil (write INCREASE or DECREASE) would explain the recent decrease in the price of oil? How would you demonstrate this graphically? For the second part of this question you can either explain how you would demonstrate this; or accurately and clearly draw a graph showing the change in supply.

How do you think the equilibrium quantity of oil will be affected by these supply-side and demand-side influences? Why?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M91961251
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Business Management

Identify some managerial jobs that are highly affected by

Identify some managerial jobs that are highly affected by human behavior and others that are less so. Which would you prefer? Why?

Summarize the steps for market screening and techniques for

Summarize the steps for market screening and techniques for environmental analysis.

A friend says he expects to make money in the stock market

A friend says he expects to make money in the stock market using what he learned in economics about the effect of currency values on exports. When the dollar falls in value he will invest in corporations that sell export ...

You are the mechanical engineer in charge of maintaining

You are the mechanical engineer in charge of maintaining the machines in a factory. The plant manager has asked you to evaluate a proposal to replace the current machines with new ones. The old and new machines perform s ...

In what ways can self-knowledge lead to more effective

In what ways can self-knowledge lead to more effective managerial work?

Outline the capital structure choices open to international

Outline the capital structure choices open to international firms. Give an example using XYZ company.

Which leadership approach could be used to promote an

Which leadership approach could be used to promote an environment of cultural diversity within an organization?

Mr barney the ceo has received your memo request to be

Mr. Barney, the CEO, has received your memo request to be considered for further leadership positions. He has decided to put you to the test! He assigns you to help his Director of Payroll, Loretta Cash with a problem.  ...

Provide an example of an organization that has achieved

Provide an example of an organization that has achieved competitive success through planning and provide an example of an organization that has failed to achieve competitive success as the result of failed planning.

How do you think diversity communication and organisational

How do you think diversity, communication and organisational structure could potentially constitute strong aspects of organisational culture? Why is it important for the manager to consider this relationship?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved