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August 29, 2014

Homework Help: microeconomics

Posted by Brittany on Thursday, February 8, 2007 at 1:49am.

If the price of oil falls below $50 per barrel, then the supply of the goods and services whose poduction involves a lot of oil will increase. The incresase in supply will cause the prices for these goods and services to fall. True, False or Uncertain. Explain

take a shot, draw supply and demand curves.

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