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I am not sure how the graph is suppose to look like for this question. Any ideas? For the two events listed below, sketch a
I am not sure how the graph is suppose to look like for this question. Any ideas?
For the two events listed below, sketch a supply and demand curve and determine what will happen to the supply curve.Show the changes in equilibrium price and quantity.Remember to fully label the graph and to show the changes with arrows.
- Major oil discovery in Canada
- A severe frost destroys Florida's orange crop.
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