Due to severe damage a gas pipeline supplying gas to, Ask an Expert

Economics

Consider the following event: Due to severe damage, a gas pipeline supplying gas to Arizona was shut down for a few weeks in the summer of 2003. Gas became scarce in Arizona, and prices rose, causing consumers to panic.

Predict how the following event affected the market equilibrium.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9295119

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