In the market for crude oil, if the change in demand due to the falling price of natural gas (a substitute for oil) is greater than the change in supply due to disruptions in oil-well operations in the Middle East, then the equilibrium price of oil will decrease. True / false
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In the market for crude oil, if the change in demand due to the falling price of natural gas (a substitute for oil) is greater than the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » In the market for crude oil, if the change in demand due to the falling price of natural gas (a substitute for oil) is greater than the change in supply due to disruptions in oil-well operations in the Middle East, then the equilibrium price of oil