Question
1. Based on the information from the US Energy Information Administration, create the supply and demand graph in the space below. This information is helpful
1. Based on the information from the US Energy Information Administration, create the supply and demand graph in the space below. This information is helpful for the client to know how much oil to produce.
| Demand of Oil | |
| Price per barrel | Daily quantity of barrels demanded (in millions) |
| $50.00 | 112 |
| $60.00 | 107 |
| $70.00 | 102 |
| $80.00 | 97 |
| $90.00 | 92 |
| Source: US Energy Information Administration, 2018 | |
| Supply of Oil | |
| Price per barrel | Daily quantity of barrels supplied (in millions) |
| $50.00 | 90 |
| $60.00 | 94 |
| $70.00 | 98 |
| $80.00 | 102 |
| $90.00 | 106 |
| Source: US Energy Information Administration, 2018 | |
| Price | Supply | Demand |
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Gapenskis Understanding Healthcare Financial Management
Authors: George H. Pink, Paula H. Song
8th Edition
1640551093, 978-1640551091
