In the year 2020 the world supply of oil peaks and production continues for the next decade

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In the year 2020 the world supply of oil peaks and production continues for the next decade at that level. If the price of oil is $80 a barrel in 2020 and worldwide demand rose by 50 percent over the next decade, about how much will the price of oil be in 2030? 

 

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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