Economics

posted by .

Explain the economic logic behind OPEC's decision to reduce output

  • Economics -

    If you lower the supply (the amount available to be sold), you raise the price ... make more money.

  • Economics -

    i need help

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. economics

    what do the principles of economics influence your decision making, interaction with others, and the economy as a whole Im not sure what you are asking. Is it "what pricipals of economics affect decision making..." If so, I would use …
  2. computer science

    Your goal is to solve the following programming lab activity. Write a program that prompts & accepts a number between 1 and 12. After getting the input, display the number with the appropriate month. (example: This is the 1st month…January, …
  3. HISTORY

    In 2001, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This bill called for large tax cuts just as the Economic Recovery Act of 1981 had and largely benefited the wealthiest …
  4. economics

    Explain the economic logic behind opec decision to reduce output?
  5. economics

    explain the economic logic behind Opec's decision to reduce output
  6. Economics

    Factors may reduce the demand for opec overtime
  7. economics

    explain the economic logic behind OPEC's decision to reduce output
  8. economics

    Explain the economic logic behind Opec's decision to reduce output
  9. economics

    Explain the economic logic behind OPEC decision to reduce output
  10. economics

    How do you calculate economic profit without knowing the quantity?

More Similar Questions