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What could explain the simultaneous increases in the price of lithium and the production of lithium? Use supply and demand curves to explain your answer.
- What could explain the simultaneous increases in the price of lithium and the production of lithium? Use supply and demand curves to explain your answer.
- Hint:Price and equilibrium quantity have both increased. Would a shift in the demand curve or a shift in the supply curve lead to this result?
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
