Opec successfully raised the world price of oil in the, Business Economics

+44 141 628 6080
[email protected]

Opec successfully raised the world price of oil in the

OPEC successfully raised the world price of oil in the 1970s and early 1980s, primarily due to:

a. an inelastic demand for oil and a reduction in the amount of oil supplied.

b. a reduction in the amount of oil supplied and a world-wide oil embargo.

c. a world-wide oil embargo and an elastic demand for oil.

d. a reduction in the amount of oil supplied and an elastic demand for oil.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Business Economics: Opec successfully raised the world price of oil in the

Reference No:- TGS01142656

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What are the bodies first and second line of defence

What are the bodies first and second line of defence? How was there a break in John's first and second line of defense?

Identify which defense mechanisms are at risk

Patient Profile: Maria, a 68-year-old woman, is admitted for hypertension and Type 2 Diabetes. She lives alone and has been unable to attend

Requirement that could affect your healthcare organization

Requirements: Analyze at least one federal, one state, and one third-party payer reporting requirement that could affect your healthcare organization

Reviewing adverse events on a hospital unit

A nurse manager on a hospital unit is reviewing adverse events over the last 6 months and notes an increase in client falls and medication errors.

Conduct self-reflection on your performance in the field

Conduct self-reflection on your performance in the field (specifically on your abilities as a professional worker). List your Strengths and Weaknesses

Why patient with dementia is no longer able to make decision

A patient with dementia is no longer able to make decisions for herself. Who is the first person in line to make decisions for the patient?

How healthcare professionals responsible for utilization

Utilization directors and managers, nurses, and other healthcare professionals are responsible for the utilization function.

Request for Solution File

Ask an Expert for Answer!!

Business Economics: Opec successfully raised the world price of oil in the

Reference No:- TGS01142656

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : In a study of 250 meals served at 75 campus cafeterias 18

Q : Hayes electronics assumed with certainty that the ordering

Q : An alternative to rent-control laws that would not reduce

Q : A key determinant of the price elasticity of supply is

Q : Opec successfully raised the world price of oil in the

Q : Todays supply curve for gasoline could shift in response

Q : If the price elasticity of demand is equal to 0 then demand

Q : Which of the following would most likely serve as an

Q : When quantity moves proportionately to the same amount as