Question: Using the demand and supply framework, suggest plausible reasons why the price of oil was roughly constant between 1947 and 1971, even though the world

Using the demand and supply framework, suggest plausible reasons why the

Using the demand and supply framework, suggest plausible reasons why the price of oil was roughly constant between 1947 and 1971, even though the world economy was growing steadily over the period. Answer must include detailed headings and graphs.

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