Home » Economics » A glut in the world market for crude oil means?A glut in the world market for crude oil means? A glut in the world market for crude oil means? A. a fall in crude oil production B. an excess supply of crude petroleum C. a higher crude oil price offered by the buyer D. a higher crude oil price demanded by the seller Correct Answer: Option B Explanation Related Posts In a socialist economy, factors of production are owned and controlled by the The basic idea behind brand differentiation under an imperfect market arrangement is to? Supply in Economics means making A fall in the marginal propensity to save will lead to? Petroleum ‘glut’ in international trade means Under the Nigerian Structural Adjustment Programme, the marketing of agricultural commodities in Nigeria has been…
Under the Nigerian Structural Adjustment Programme, the marketing of agricultural commodities in Nigeria has been…