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a.In January 2021, crude oil prices, which have been recovering for a while, increased to above $50/barrel for the first time in almost a year.
a.In January 2021, crude oil prices, which have been recovering for a while, increased to above $50/barrel for the first time in almost a year. Using Supply-Demand (S-D) analysis, which of the curves (S, D, or both) likely shifted, and in which direction(s)? What could explain the shift(s)? [1 line]
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