Idalycervantes Idalycervantes

30-12-2016
Social Studies

contestada

If OPEC decided to cut oil production for the coming year,what Would be MOST LIKELY efecto?
A)Prices would not change
B)oil prices would probably ti se
C)oil prices would probably decline
D)the price for substitute products would decline

Respuesta :

Mrmann00 Mrmann00

30-12-2016

The effect of supply and demand would cause oil prices to rise. The answer is b

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DragonPharoah DragonPharoah

30-12-2016

Because of the Supply and Demand as Supply drops Demand rises which causes prices to rise so the correct answser would be B

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