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Answer to Question #219679 in Economics for max

Question #219679

If a lower price of crude oil leads to lower oil revenue for oil-producing countries, this suggests that the world demand for oil is


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Expert's answer
2021-07-22T10:00:07-0400

If a lower price of crude oil leads to lower oil revenue for oil-producing countries, this suggests that the world demand for oil is inelastic.


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