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Answer the following questions by filling in the table below and explaining your answers. You may draw graphs to assist you if you like, but

Answer the following questions by filling in the table below and explaining your answers. You may draw graphs to assist you if you like, but you must still check the correct cell in the table get credit for your answers. Assume that the demand and supply curves for a specific country represent domestic supply and demand and do not count imports as part of supply or exports as part of demand.

Iran launches a series of ballistic missiles at Israeli cities, killing dozens of civilians. Israel retaliates by bombing Iran's oil infrastructure, effectively shutting down production.

shifts to the right shifts to the left stays the same
Worlddemand curve for crude oil
Worldsupply curve for crude oil
U.S.demand curve for crude oil
U.S.supply curve for crude oil
rise(s) fall(s) change(s) little
Worldcrude oil prices
U.S.crude oil prices
Worldoil consumption
U.S.oil consumption
U.S.oil net imports

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