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2. There is currently a war fought between Russia and the Ukraine. Russia is a major international supplier of petrol and natural gas, while the
2. There is currently a war fought between Russia and the Ukraine. Russia is a major international supplier of petrol and natural gas, while the Ukraine is a major producer and exporter of wheat. 0 How will the war affect the respective commodity markets that these two countries supply in the short run? Hint: what is the structure of each market? 0 What is the long run equilibrium for the markets if the war is prolonged
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