Home » Classroom » JAMB Economics 1997 Question

A glut in the world market for crude oil means - JAMB Economics 1997 Question

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 option: b
Please share this, thanks:

Add your answer

Notice: Posting irresponsibily can get your account banned!

No responses