3. What is the impact of the price ceiling at $60 on the price of Russian crude...

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3. What is the impact of the price ceiling at $60 on the price of Russian crude oil imposed by international sanctions. Explain in your own words the characteristics of supply (quantity and price) in this situation. To formulate your answer, consider the global market for crude oil and what would be the equilibrium if there was no price ceiling.

Posted Date: May 15, 2024 01:01 PM

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3. What is the impact of the price ceiling at $60 on the price of Russian crude...

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