0
How will the discovery of a huge new supply of oil affect the price of oil?
Wiki User
∙ 9y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What are the factors that causes a shift in the demand and supply curve?
That would depend on the product your talking about.Fuel prices are a huge factor in almost everything as well as the overall health of the economy in general.Competition would be another thing that would affect supply and demand as well as availability of said product or the components to create it.The question is too vauge to really answer it properly.
Why is China a big manufacturing country?
China has the largest human population in the world. It has a huge amount of human capital. This means there is a HUGE labor supply. According to the laws of supply and demand, because the labor supply is so huge companies there can charge super super super low wages. This is because if 1,000 people say no to the low wages there are still thousands and thousands more that may potentially say yes and most likely one of them will. China is one of the cheapest sources of labor which is why many companies from other nations outsource to it.
Is rice production consider as Inelastic demand or elastic demand?
Production itself cannot have inelastic demand, only supply. I will look at both cases. The demand for rice as a good is very inelastic. This is because people will buy rice no matter the price, because in many places of the world, it is their main source of food. Recently rice as skyrocketed in price (resulting in riots in places), but people still buy it. This is mainly out of necessity, but alternatives are emerging. The elasticity of supply is also inelastic, as we are looking at a huge rise in prices, but a very small change in production.
What is the market price for black angus cattle?
That all depends on where you are selling or buying them. Location plays a huge role in cattle prices.
Role of central bank in economic development?
Central banks play a huge role in economic development. They manage a state's money supply, currency, and interest rates.
What was a big discovery in titusville pa?
Oil was a huge discovery in Titusville Pa.
How did the discovery of gold in Colorado affect the settlement of the west?
The discovery of gold in Colorado affected the settlement of the west in a huge way. This is what caused the gold rush which saw so many people come to settle in this area.
How did geography affect both napoleons invasion and Hitler invasion of Russia?
Russsia's huge and if the Russian burn everything that could supply the invaders, those invaders had to carry everything with them and that is difficult.
How did geography affect both napoleons invasion and Hitler's invasion of Russia?
Russsia's huge and if the Russian burn everything that could supply the invaders, those invaders had to carry everything with them and that is difficult.
The of the sun is the place that produces its huge supply of energy?
core
In which layer of the sun is a huge supply of energy produced?
in the core
What is the new discovery of the universe?
A huge structure of pulsars/quasars which defies the cosmological constant.
How does iron affect plants?
it makes your dean huge
Where can you buy discovery girls magazines?
Discovery Girls magazines can be purchased through the Discovery Girls website, as well as through various bookstores, newsstands, and online retailers such as Amazon.
Were can buy wholesale handbags.?
onlywo fashion trade company, we supply wholesale handbags, you can go to our online sale platform to see more styles
How do astriods affect earth?
Astroids can form huge craters when they hit Earth
Does the sail design affect the speed of model sailboat?
Yes, to a huge extent
