Please answer this ASAP: While crude oil prices in the long run are determined by market...
Please answer this ASAP: While crude oil prices in the long run are determined by market fundamentals, in the short run, which of the following are true?
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Sudden changes in market power can impact market price. |
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Speculation and changes in the value of the dollar can impact market price. |
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Shocks can impact the market price. |
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All of the statements are true. |
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None of the statements are true. |
Homework Answers
Apart from the market fundamentals, hedging, speculations, and changes in market cycles also have a big say in the short run. So all the three initial points are true. The first and third points are about changes in market cycles whereas the second is about speculation.
Ans: All of the statements are true
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