Oil Price Rises Despite Inventory Increase - 0 views
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Tomoya Sekine on 30 Jan 11This is a form of price discrimination as prices of oil are increasing even if the supply of oil is increasing. And the suppliers able to do this and still earn profit as oil is an inelastic good and a necessity. However the suppliers do not have to worry about reducing the price of oil as the demand for oil would not become elastic (at least for now and a long time).
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Lydia Georgieva on 13 Feb 11This is not really an example of price discrimination as consumers are not separated in different groups and prices are not different for different consumers.