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24 May, 17:49

The cost of fuel is on the rise. In what way will this affect global trade?

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  1. 24 May, 18:36
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    Because the price of fuel is one the rise, prices of other goods with also rise. Increase in fuel will affect the overall costs of goods. People will decrease the quantity of goods purchased if the price is higher.
  2. 24 May, 19:36
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    Countries with more oil will profit more. Also oil prices will rise. If you're referring to other forms of fuel the same things will happen accordingly.
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