did the arizona gaspipeline in 2003 was there a shift in the supply curve demand curve or both? Did the shift happen tothe left or to the right?
Your question is not a properly written sentence, but I will interpret it, as "When the Arizona gaspipeline ruptured in 2003, was there a shift in the supply curve demand curve or both? Did the shift happen to the left or to the right?
I assume you are referring to the rupture of a gasoline pipeline from Tucson to Phoenix in July-August 2003. Here is a news item about it:
<<HOUSTON, Aug 19 (Reuters) - Pipeline operator Kinder Morgan Energy Partners (nyse: KMP - news - people) on Tuesday said it would begin tests on an Arizona gasoline pipeline that ruptured nearly three weeks ago, sending prices in the Phoenix area spiraling above $2 a gallon.
If the tests are successful, the line, which ships fuel from Tucson to Phoenix, could be back in service by this weekend, Houston-based Kinder Morgan said in a statement.
The line ruptured on July 30. Drivers have been forced to wait in long lines and pay high prices as the gasoline shortage has grown more acute.>>
In answer to your question, gasoline supply went down and prices went up until demand was reduced to match supply. The rupture presumably did not affect the demand curve. At a given rice, much less gas was available for sale. Look at how supply curves are plotted and that should tell you if the curve moved to the left or right.
To determine if there was a shift in the supply curve, demand curve, or both, we need to first understand what a shift in a curve means. In economics, a shift in either the supply curve or the demand curve indicates a change in the quantity supplied or demanded at every price.
In the case of the Arizona gas pipeline rupture in 2003, the decrease in supply caused by the rupture would result in a shift in the supply curve. With less gasoline available due to the pipeline rupture, the quantity supplied at every price would be reduced.
However, it is important to note that a pipeline rupture might not directly impact the demand curve. The demand curve represents the quantity of gasoline consumers are willing and able to purchase at various prices. Unless the rupture had a significant impact on consumer behavior, such as causing a change in preferences or incomes, the demand curve would likely remain unchanged.
To determine if the shift happened to the left or to the right, we need to consider the effects of the supply curve shift. Since the rupture caused a decrease in supply, the supply curve would shift to the left. This means that at every price level, the quantity supplied would be lower compared to the situation before the rupture.
In summary, the rupture of the Arizona gas pipeline in 2003 would result in a shift in the supply curve, with a decrease in the quantity supplied at every price. The demand curve would likely remain unchanged unless the rupture had a significant impact on consumer behavior. The shift in the supply curve would be to the left.