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Please discuss the questions below During the COVID19 pandemic, the price of oil decreased, it even became negative at some point (https://fortune.com/2020/04/20/oil-prices-negative-crash-price-crude-market/). How could we

Please discuss the questions below

During the COVID19 pandemic, the price of oil decreased, it even became negative at some point (https://fortune.com/2020/04/20/oil-prices-negative-crash-price-crude-market/). How could we use the supply and demand curve to understand why the oil price has decreased?
What is the potential impact of the COVID19 on the Producer Surplus and on the Consumer Surplus?

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