How much will the price of oil be, Microeconomics

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How much will the price of oil be

Problem

In the year 2020 the world supply of oil peaks and production continues for the next decade at that level. If the price of oil is $80 a barrel in 2020 and worldwide demand rose by 50 percent over the next decade, about how much will the price of oil be in 2030?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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