83.7k views
14 votes
How does low demand for oil affect the texas economy?

How does low demand for oil affect the texas economy?-example-1
User JaggenSWE
by
8.0k points

1 Answer

8 votes

Answer:

Last option.

Low demand means low prices for oil, which hurts the economy.

Step-by-step explanation:

The law of supply-and-demand tells us that lower demand means lower prices, and higher demand means higher prices.

User AplusG
by
8.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.