=+$92.93 on December 28, 2007. Would an increase in oil prices cause a demand shock or a

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=+$92.93 on December 28, 2007. Would an increase in oil prices cause a demand shock or a supply shock? Redraw the diagram from part ato illustrate the effect of this shock by

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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