faithhill2067 faithhill2067
  • 13-08-2018
  • Biology
contestada

What happens when opec reduces the production of oil?

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Penguin84
Penguin84 Penguin84
  • 13-08-2018
If OPEC reduced output, then world supply will fall. Thus, as supply falls, the price will rise, and the profits of oil-producing countries increase.


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opinionmarie60
opinionmarie60 opinionmarie60
  • 24-03-2019

If OPEC reduced output then the world supply will fall as supply falls the price will rise.

Answer Link

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