Question
By referring to the above article and other sources of reading of your choice, explain why the price of petrol dropped as low as RM1.25
By referring to the above article and other sources of reading of your choice, explain why the price of petrol dropped as low as RM1.25 per liter (Ron 95) in April-May 2020 in Malaysia. Use a simple demand and supply analysis.
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
6th edition
73523143, 73523149, 978-0073523149
