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Over the past 30 years, the price of oil has been relatively unstable, fluctuating between $11.00 and well over $100 per barrel. ) Which oi

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Over the past 30 years, the price of oil has been relatively unstable, fluctuating between $11.00 and well over $100 per barrel. ) Which oi the following potentially contributes to oil-price instability? Oil prices are relatively unstable because ' 0 A. the demand for oil is elastic. O B. OPEC has been suwessful in controlling the quantity of oil its members supply. 0 C. the supply of oil is inelastic. O D. the market for oil is relatively competitive. LY brary O E. the income elasticity of demand for oil is negative. "C85 > Y on Tools > sources Click to select your answer and then click Check Answer, All parts showing Clear All Check Ans mm...\" m... m

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