- 10 Mar, 2021
- 0 Comments
- 36 Secs Read
Macro and Micro Economics
Instructions
According to the article which curve is shifting? Is it supply curve or demand curve of crude oil?
Is that shift an increase or decrease?
How will the crude oil price and quantity change in the new equilibrium?
What are the factors that cause for the decline in demand of crude oil? Explain the impact of lower oil price on world economies.
Participation Requirements:
• Your initial response must have content relevant to the discussion.
• Please respond to two of your classmates. Provide complete, well thought out responses.
• Ask questions, share experiences and challenge ideas.
• Be polite and respectful of your classmates. You may disagree but do it in constructive way.