77 395
Assignments Done
Successfully Done
In July 2019

Answer to Question #51996 in Finance for Ehtesham

Question #51996

Is it a fact that producing insecurity and conflict in the Middle East would cause oil prices go up?
If yes, how does it work?

Thank you.
Expert's answer
Production insecurity and the military conflicts in the Middle East are the factors, which decrease supply of oil, which is extracted there. The decrease in supply will cause the shift of the supply curve to the left, and this will cause oil prices go up.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions