Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh

Exercise 5

Show your understanding of the principles of supply and demand by looking at the oil market today. Go online and search for a chart of oil prices for the last few years. Why does the price of oil fluctuate so greatly What will happen as more and more people in China and India decide to buy automobiles What would happen if most U.S consumers decided to drive electric cars