What are the factors driving the volatility in oil prices over the last few years?
What are the factors driving the volatility in oil prices over the last few years? Very
briefly discuss the price elasticity of demand for the good and what determines the
elasticity. There are several factors that have been the driving force behind the volatility of oil prices
over the last few years (I.B.P & U.S.A, 2015). First, supply and demand developments have been
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