Question: a. Draw a demand and supply graph for the global market for crude oil. b. Explain the effects of the Russian-Ukraine war on market price

a. Draw a demand and supply graph for the global market for crude oil.

b. Explain the effects of the Russian-Ukraine war on market price and quantity of crude oil.

c. Using an appropriate demand-supply diagram, discuss how global crude oil prices might affect the market for vegetables in Malaysia.

d. To protect consumers from fluctuating prices of vegetables, the government considers price control policies. Provide an example of a useful price control policy that can prevent prices from rising further.

e. Explain the effects of this price control policy on the market?

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