1. helps
2. impacts
3. decline
4. distintegrates
5. improves
impacts
1. thought
2. explained
3. expected
4. interrogated
5. raised
raised
1. trying
2. expected
3. developing
4. working
5. inventing
working
1. When the price rises the demand for crude oil falls immediately. //
2. A small change in demand will result in a sharp change in the price of crude //
3. within a short span of time the price of crude oil has fluctuated sharply //
4. Speculation in oil does not have much of an impact on its price //
5. none of these //
Speculation in oil does not have much of an impact on its price
1. Only P //
2. Both P and Q //
3. Only R //
4. All P,Q and R //
5. None of these //
Only R
1. Price of crude reached $147 not $200 as was predicated. //
2. Discovery of oil reserves within their own territories. //
3. Demand for crude has fallen sharply. //
4. Their oil import bills declined //
5. none of these //
Their oil import bills declined
1. Only P
2. Only R
3. Both P and R
4. Only Q
5. None of these
Only P
1. Controlling speculation in oil.
2. Ensuring profits are equally distributed to all its members.
3. Monitorinq inflation in oil prices and taking necessary steps to lower it.
4. Guaranteeing political instability in oil exporting countries does not impact output.
5. Determining prices of crude oil.
Monitorinq inflation in oil prices and taking necessary steps to lower it.
1. The prices of crude were rising gradually so people were not alarmed.
2. The dollar was a strong currency during that period.
3. Many people turned to alternative renewable energy sources because of high oil prices.
4. If the price of oil is high for a short time it does not necessarily result in a drop in consumption.
5. People did not control their demand for fuel then which created the current economic slowdown.
If the price of oil is high for a short time it does not necessarily result in a drop in consumption.
1. Only Q
2. Both P and Q
3. Both Q and R
4. Only H
5. None of these
Only H