Which of the following can cause oil glut in the International market?

  • A Excess demand over supply
  • B Under- capacity utilization
  • C Excess supply over demand
  • D Economic boom
jamb 2016economics

The correct answer is C. Excess supply over demand

Oil glut is a Market situation where the supply of a good or service far exceeds its demand, usually resulting in a substantial fall in its price.

Previous question Next question