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CONSIDER These two news headlines: a. political unrest threatens to disrupt the supply of oil b. as the price of corn goes up corn farmers
CONSIDER These two news headlines:
a. political unrest threatens to disrupt the supply of oil
b. as the price of corn goes up corn farmers have motivation to do everything possible in order to get their product to the market.
Which of this statement refers to a movement along a supply curve?
Which of these statements refer to a shift in a supply curve?
Explain by drawing the supply curve for each of the statements
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