Petroleum ‘glut’ in international trade means

Home » Past Questions » Economics » Jamb » 1983 » Petroleum ‘glut’ in international trade means
Economics JAMB 1983

Petroleum ‘glut’ in international trade means

  • a fall in petroleum production
  • an over supply of petroleum checkmark
  • a higher petroleum price offered by the buyer
  • a higher petroleum price demanded by the seller
  • higher prices for the consumtion of petroleum

The correct answer is: B

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment