If oil production continues to increase, what will happen to the price and how will this affect the producers?
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If oil production continues to increase, what will happen to the price and how will this affect the producers?
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Answer:
Based on my own understanding, if the oil production continues to increase cost for production and transportation rise, which decreases supply at a given price..It will greatly affect the producers because the demand increases but their supplies are insufficient and apparently their business will slow down.
Explanation:
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