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Evaluate the following statements using graphical analysis provide a brief narrative explanation of your graph to support your evaluation make sure the awes and curves in your graph are properly labeled

a) when demand for home heating oil increases a shortage of heating oil will occur?
b) a decrease in the supply of random access memory chips for personal computers causes a shortage of RAM chips

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940132

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