107 811
Assignments Done
100%
Successfully Done
In January 2025
In January 2025
Your physics assignments can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Physics
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Math
Our experts will gladly share their knowledge and help you with programming projects. Keep up with the world’s newest programming trends.
Programming
Answer to Question #113592 in Economics of Enterprise for Muhammad Ali
Question #113592
Petrol and diesel prices have collapsed amid the coronavirus outbreak. According to figures released by Bloomberg, the cost of a barrel of fuel has fallen dramatically in the past months. A barrel of Brent Crude oil has now fallen from slightly under $65 in mid-January to currently trending in the mid to high $20s. The figure above indicates that oil price is at USD33.15 per barrel as of 6th April, 2020, obvious scenario of down trending.
Using the theory of Supply & Demand, analyse the factors that contributed to the downfall of global petrol price and evaluate the impact on socio-economy in your home country, Malaysia.
Using the theory of Supply & Demand, analyse the factors that contributed to the downfall of global petrol price and evaluate the impact on socio-economy in your home country, Malaysia.
Expert's answer
A barrel of Brent Crude oil has now fallen from slightly under $65 in mid-January to currently trending in the mid to high $20s. The figure above indicates that oil price is at USD33.15 per barrel as of 6th April, 2020, obvious scenario of down trending.
Learn more about our help with Assignments: Economics of Enterprise
Comments
Leave a comment