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The demand and supply curves for the specific country pertain solely to domestic supply and demand, with imports not factored into supply and exports not
The demand and supply curves for the specific country pertain solely to domestic supply and demand, with imports not factored into supply and exports not considered part of demand. The collapse of China's real estate bubble leads to the subsequent failure of banks and instigates an economic recession within the Chinese economy. Kindly indicate the impact of this situation on the shift of either the demand curve or the supply curve for each item below. Shifts Right/ Shifts Left/ Remains Unchanged 1.5, demand curve for crude o1l U.S. supply curve for crude o1l U.5. o1l prices China o1l consumption U.5. o1l consumption U.5. net oil imports Rises/ Falls / Slight Change Explanation
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