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Politics : Foreign Affairs Discussion Group
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To: Ish who wrote (155423)1/6/2005 7:39:32 PM
From: Maurice Winn  Read Replies (1) of 281500
 
<Geeze, if supply is lessened and demand goes up the price goes up? Amazing. >

Great, you've got it. See, it wasn't that tough.

<How about if other producers produce more?>

You should probably take it one step at a time and sleep on your first success before going on to these more complicated variables.

But let's go for broke.

If other producers produce more, then the price will go down, which will cause an increase in demand. The more producers there are, and the higher the production, the lower the price. If Iraq was also competing, then prices would go even lower, because Iraq has got a LOT of oil. Which would NOT make those other producers happy.

I think you are getting it.

Now do some deep breathing and go for a walk so it sticks.

Mqurice
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