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Other Fields Homework Help Economics Topic started by: pirex on Oct 17, 2017



Title: During a mild winter, the price of home heating oil is expected to be less than it would be during a ...
Post by: pirex on Oct 17, 2017
During a mild winter, the price of home heating oil is expected to be less than it would be during a normal winter.
True or False? Provide an explanation.


Title: Re: During a mild winter, the price of home heating oil is expected to be less than it would be ...
Post by: Tyforumca on Oct 17, 2017
True ... Because During a mild winter, people do not need to operate their furnace as often as in a normal winter. The demand for home heating oil lies to the left of where it would be under normal weather conditions. As a result, the price of oil falls.