As the world's demand for oil rapidly increases, so do the prices for it. Learn the factors causing high oil prices and who are the world's largest consumers of petroleum. Includes discussion questions. (Published Jan. 2005)

Concepts

supply and demand

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Additional Tags

demand for oil, oil prices, e.f.5 markets exist when consumers and producers interact. when supply or demand changes, market prices adjust. those adjustments send signals and pr, supply and demand within a market economy

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Classroom Considerations

• Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)