The Highest Classification of Oil Is SL

question 5

True/False

The highest classification of oil is SL.

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Definitions:

Few Substitutes

A market condition where there are limited alternative products or services available to consumers.

Nike

an American multinational corporation known for designing, manufacturing, and selling athletic footwear, apparel, and equipment.

Elastic Demand

Characterizes a market situation where the quantity demanded of a good or service significantly changes in response to price changes.

Shoe Polish

A substance used to shine, restore color, and improve the appearance of leather shoes or boots.