Petroleum 'glut' in international trade means

Economics

JAMB 1983

A. a fall in petroleum production
B. an over supply of petroleum
C. a higher petroleum price offered by the buyer
D. a higher petroleum price demanded by the seller
E. higher prices for the consumtion of petroleum

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Correct Answer: Option B

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Petroleum 'glut' in international trade means

Correct Answer: Option B

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