increased production.
increased production.
Increased Oil Production.
OPEC controls most of the worlds oil source.
OPEC influences the price and availability of oil and gas.
The characteristics of OPEC are:products must be homogeneous.The products must have a low price elasticity of demand.
Opec
Increased Oil Production.
increased production.increased production.
OPEC has put too much oil on the market.
OPEC controls most of the worlds oil source.
OPEC charges what the market will allow. It regulates the price by regulating the supply.
OPEC influences the price and availability of oil and gas.
The characteristics of OPEC are:products must be homogeneous.The products must have a low price elasticity of demand.
Oil
Oil.
Opec
Price goes up.
OPEC is the organization that controls the world's production and price of oil. The members of OPEC come from twelve oil producing states.