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6. One expects car prices to be more stable compared with oil prices due to which of the following reasons? @ Whereas the demand and
6. One expects car prices to be more stable compared with oil prices due to which of the following reasons? @ Whereas the demand and supply for cars are expected to be quite stable, that for oil can change a lot even over the short run O While the car market comprises a few dominant players, there is a near-monopoly, OPEC, in the oil market. O Purchases in the petroleum (gas) market occurs more frequently than in the car market. Demand for ol increases faster than the demand for cars O There is seasonal supply for oil but not for cars
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