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Market System: Price, Demand and Supply
C/E/446. Determinants of oil supply and demand
- WORDS:
- 1250
- DATE:
- 2010
- PRICE:
- 19.99 GBP
The paper examines the factors that influence the supply and demand for oil discussing the dependence of the demand on economic growth, the role of OPEC in oil price control, and the effects of positive and negative demand shocks on oil prices.
KEYWORDS: Oil prices, supply and demand, demand shock, OPEC,
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