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1_5_a_WhatInfluencesOilPrices_ALT 89% + H for the plunge in the price of oil. -Supply -Demand Click inter 85 5 Millions of barrels per dayCritical Thinking Questions

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1_5_a_WhatInfluencesOilPrices_ALT 89% + H for the plunge in the price of oil. -Supply -Demand Click inter 85 5 Millions of barrels per dayCritical Thinking Questions Directions: Please answer the following questions, using the chart above. 1. What happened to the supply curve between Q406 and Q307? 2. Which quarter is the demand curve the highest? 3. What happens to the price of oil when demand is less than the supply

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