Posted by **Mike** on Wednesday, January 12, 2011 at 10:42pm.

Using a supply and demand diagram, illustrate the impact of each of the following on price and quanity demanded:

a. Improvements in transportation lower the cost of importing oil into the United States of the 1960.

b. After the 1973 war, oil producers cut oil production sharply.

c. After 1980, smaller automoblies get more miles per gallon.

d. A record breaking cold winter in 1995-1996 unexpectedly raises the demand for heating oil.

e. Rapid economic growth in the early 2000s leads to a sharp upturn in oil prices.

## Answer This Question

## Related Questions

- weonomics - Original quanity | new quantity . |price. |quanity supplied demanded...
- ecomonics - I am trying to understand the math part of supply and demand . I am ...
- Microecon help - How would the following affect the equilibrium price and ...
- Economis - I have got an economics questions, and i did my personal revision by ...
- economics - assume that the demand and supplu equations for bushels of wheat are...
- macroeconomics - 1) Suppoer the economy is operating at full employment and ...
- econ - my mind is going blank here..can someone chime in and help: If a new ...
- economics - Suppose the supply and demand for milk is described by the following...
- macroeconomics - I am not sure how to draw the graphs can anyone help answer ...
- Economic Math - Suppose the supply and demand for milk is described by the ...

More Related Questions