IB ECONOMICS: Supply and Demand -Oil Prices

For those studying IB ECONOMICS
Fluctuating oil and commodity prices are a common feature in paper 2 exam questions. This article helps reinforce how understanding fundamental concepts such as supply and demand can help demystify current economic issues.

 

http://www.economist.com/news/finance/21678198-once-prices-are-responding-supply-and-demand-not-opec-why-market