Question: Choose a commodity (a good or a service) that you are familiar with and discuss how and when demand and supply have changed (shifted) for

Choose a commodity (a good or a service) that you are familiar with and discuss how and when demand and supply have changed (shifted) for this commodity.

Provide examples of historical or current events where market demand and market supply for that commodity have shifted significantly, and state the factors that you believe have caused the shift in supply and/or demand.

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One commodity that I am familiar with is crude oil The demand and supply for crude oil have experienced significant shifts over time due to various historical and current events Lets explore some exam... View full answer

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