A reasonable assumption is that over time scarcity might drive up the price of oil and thus

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A reasonable assumption is that over time scarcity might drive up the price of oil and thus reduce consumption. Comment on the fact that the rate of oil consumption actually increased in 2002, connecting current events and economic forecasts to the short-term possibility of a reduction in consumption.

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Calculus With Applications

ISBN: 9780321831101

10th Edition

Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey

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