Question: Practical Application: You live in a drafty old house that was once owned by your great-grandparents. When the price of home heating oil triples, it

Practical Application: You live in a drafty old house that was once owned by your great-grandparents. When the price of home heating oil triples, it now costs over $2,000 a month to heat your house, which is a lot more than you can afford. What would you do in the market period, the short run, and the long run?

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