In late 2014, oil prices were falling, but some energy traders were convinced that oil prices would
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In late 2014, oil prices were falling, but some energy traders were convinced that oil prices would begin to rise within a few months. According to a news story, these expectations were causing some "traders to put oil in storage while they wait for prices to rise." Predict the effect of this strategy for the supply of oil. Use a graph to illustrate your answer?
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One of the variables that will shift a market supply curve is a change ...View the full answer
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