Oil up $1.50 a barrel as demand recovery seen tightening supply" If the diagram below represents the market for oil, then which of the following represents the title in the article above: Price p GJ 4. Quantity a D₂ 0₂ a) demand has moved from D₂ towards D3 while supply has moved from S₂ towards S₁ b) demand has moved from D₂ towards D3 while supply has moved from S, towards S₂ c) demand has moved from D2 towards D3 on the same supply curve d) demand has been moving towards D₂ from D3 while supply has moved from Sy towards S₂

Oil up $1.50 a barrel as demand recovery seen tightening supply" If the diagram below represents the market for oil, then which of the following represents the title in the article above: Price p GJ 4. Quantity a D₂ 0₂ a) demand has moved from D₂ towards D3 while supply has moved from S₂ towards S₁ b) demand has moved from D₂ towards D3 while supply has moved from S, towards S₂ c) demand has moved from D2 towards D3 on the same supply curve d) demand has been moving towards D₂ from D3 while supply has moved from Sy towards S₂

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section3.3: The Market: Putting Supply And Demand Together

Problem 3ST

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