which of these is the most likely consequence of falling petroleum prices
Answers
Falling petroleum prices will lead to reduction in the transport bill of a business concern. It will also reduce the cost of production leading to high range of profits. It is good news for oil importers as it will reduce the bill but it is bad for oil exporters as it will decrease the earnings from oil.
The main consequences of the Fall In petroleum products is the transportation cost of any item will be reduced so the the purchasing cost of the consumer from the dealer will be reduced in a large extent.
When a product is manufactured in industry if required the huge transportation cost to transport the product to the dealer so that the consumers can buy it. If the petroleum price is reduced that means the price of petrol and diesel is reduced then the transportation cost will be reduced which will directly affect the price of the item.