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Given the product below and the events that affect them, indicate what happens to demand , supply , equilibrium quantity , and equilibrium price in
Given the product below and the events that affect them, indicate what happens to demand, supply, equilibrium quantity, and equilibrium price in a competitive market. Hint: There may be more than one shift. Also, it's possible that the new equilibrium price or quantity is indeterminate. If you discover that, please note it. Gasoline. Oil production declines due to a crisis in the Middle East.
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