Answer:
The most striking feature of the oil market is the low price elasticity of demand.
The supply of oil is also fairly inelastic.
Oil price swings tend to be dramatic and often impact the rest of the economy.
Answer:
Option D, Increasing global interdependence resulting from technological innovation and expanded trade agreements
Explanation:
The relaxation of international trading norms and enhancement of interdependence on each other resulted in export and import of goods and services across international border. This in turn increased the overall good and services production output and sale at global level
Hence, option D is correct
The moon is past the New phase and not yet at Full phase.
It is a waxing moon (waxing means getting larger).
From full moon to new moon, it is a waxing
