Question

Oil prices have an impact on transportation costs for many types of products. should oil prices change, the price consumers pay for products often is adjusted accordingly. changing oil prices would be an example of a(n) __________ force.

Answer 1

The options were a. social. b. economic. c. technological. d. competitive. e. regulatory The answer to this question is economic force As the change in prices of oil results in change in price so we can say that price of one commodity affected other so it was an economic force that lead to change of other variable the economic force here being price of oil.