lizzzzi1548 lizzzzi1548

19-12-2022
Business

Answered

1. assume that the price of a barrel of crude oil is currently $50 and daily production is 100 million barrels per day. a. using the supply and demand model (i.e., graphs and verbal explanation), explain why the price is $50 and production is 100 million barrels per day. why not $70 or $30? why not 80 million or 120 million? (10 pts)

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