If the Price of a Barrel of Oil Is $100

question 157

Multiple Choice

If the price of a barrel of oil is $100 this year and the interest rate is 10 percent, then according to the Hotelling Principle the price next year is expected to be ________ per barrel.

• A) $90
• B) $110
• C) $100
• D) Need more information to answer this question.

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