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In June 1982, EuroOil announced that it might have to suspend 8 percent of Britain oil production because of pipeline repairs in Norway. Crude oil
In June 1982, EuroOil announced that it might have to suspend 8 percent of Britain oil production because of pipeline repairs in Norway. Crude oil is refined into gasoline, both of which are storable.
- Using a well-labelled supply/demand graph, why did the wholesale price of gas in the Europe immediately increased by about 2 percent after announcing this?
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The Chinese Economy Transitions And Growth
Authors: Barry Naughton
1st Edition
0262640643, 9780262640640
