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12. On April 20, 2020, the price of crude oil fell to a negative $37.63 per barrel on the NY Mercantile Exchange. What does a
12. On April 20, 2020, the price of crude oil fell to a negative $37.63 per barrel on the NY Mercantile Exchange. What does a negative price mean? Use a supply and demand diagram to illustrate and explain how the market price entered the negative zone
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
