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In the 1990s and into the fist decade of the 2000s, the war in Iraq reduced that nation's petroleum production and exports to levels that are well below pre-war levels. At the same time as a result of the rapid growth of the Chinese economy, world demand for petroleum products increased significantly. Both events had significant impacts on world oil prices. How would the simple supply and demand model apply to this case?
Fungicide
A chemical compound or biological organism used to kill or inhibit the growth of fungi and fungal spores.
Biological Magnification
The increasing concentration of toxic substances within each successive link in the food chain.
Organophosphates
A group of chemical compounds used as insecticides, which can be toxic to animals and humans if exposure occurs.
Chlorinated Hydrocarbons
Organic compounds containing chlorine, often used in industrial applications, but can be environmental pollutants.
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