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Consider the market for oil which starts in equilibrium and has standard demand and supply curves. As countries open up after lockdowns, consumers expect that

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Consider the market for oil which starts in equilibrium and has standard demand and supply curves. As countries open up after lockdowns, consumers expect that the price of oil will go up in the future. What effect will this have on the equilibrium price of oil? It will go down Cannot be determined No effect on the equilibrium price because people's expectations are about the future It will go up

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