Question

Why do you suppose that Argentina's oil market has been experiencing surpluses as a result of the government's policy action? (Hint: How does a price control that establishes a price above the market clearing level affect the quantities demanded and supplied.)

Short answer

Distributors will negotiate cost down to obtain than is possible so at current cost.

Step-by-step solution

Introduction

The correlation between of commodity or service than makers like to sell at certain consumers pay that customers purchase is described as buyers and sellers and marketing. This was the most generally used budget preparation framework is accounting.

Given Information

The interplay of buyers and sellers in a sector impacts the price of goods.

Explanation

The market equilibrium is the final rate, and that it signifies a consensus in between good's manufacturers and customers. Once makers supply same amount of a product as users request, the stock market is a place.