Need answers for Macroeconomic

Jul 12th, 2015
Price: $10 USD

Question description

Demand and Supply in the Oil Market

A major determent of output, inflation and GDP is the price of oil. Conduct some research on the factors that you feel affects both the supply of oil on the world oil market and affect the demand for oil on the world oil market. 

  • Will OPEC countries increase or decrease their oil output?
  • Will economic slowdown in the E.U. increase or reduce demand for the world's supply of oil?
  • What about China - will they increase or decrease demand for the world's supply of oil?
  • How will these factors shift the demand and supply curves for oil, and how will these shifts affect equilibrium price and quantity in the oil market.
  • --------------------------------------------------------------------------------------------------------------
Need 300 words

Tutor Answer

(Top Tutor) Daniel C.
School: Purdue University

Studypool has helped 1,244,100 students

8 Reviews

On Time
Dec 9th, 2016
" Totally impressed with results!! :-) "
Nov 30th, 2016
" excellent work as always thanks for the help "
Five Star Tutor
Nov 25th, 2016
" Outstanding Job!!!! "
Nov 17th, 2016
" awesome work thanks "
Nov 8th, 2016
" The best tutor out there!!!! "
Nov 3rd, 2016
" Excellent work as usual "
Oct 12th, 2016
" Excellent job "
Oct 3rd, 2016
" <3 it, thanks for saving me time. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1819 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors