Wednesday, June 14, 2006

Unit 1: The price of oil

The head of BP predicts the price of oil will fall from its current high level. Read the article and then use supply and demand analysis to explain his prerdiction. NB: YOU MUST BE ABLE TO SHOW THIS ON A SUPPLY AND DEMAND DIAGRAM

http://news.bbc.co.uk/1/hi/business/5069294.stm

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