faithhill2067 faithhill2067

13-08-2018
Biology

contestada

What happens when opec reduces the production of oil?

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Penguin84 Penguin84

13-08-2018

If OPEC reduced output, then world supply will fall. Thus, as supply falls, the price will rise, and the profits of oil-producing countries increase.

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opinionmarie60 opinionmarie60

24-03-2019

If OPEC reduced output then the world supply will fall as supply falls the price will rise.

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