If there is a surplus in the oil market, then the price of oil will:
A) rise.
B) fall.
C) remain unchanged.
D) react unpredictably.

Question

Quizplus · Accepted Answer

When there is a surplus in the oil market, it means that there is more supply than demand for oil. This causes a decrease in price as producers try to sell more of their product to stay competitive. Therefore, the price of oil will fall.

If There Is a Surplus in the Oil Market, Then