Question: stion: What could explain the simultaneous increases in the price of lithium and the production of lithium?Use supply and demand curves to explain your answer.(Hint:Price

stion:

  • What could explain the simultaneous increases in the price of lithium and the production of lithium?Use supply and demand curves to explain your answer.(Hint:Price and equilibrium quantity have both increased.Would a shift in the demand curve or a shift in the supply curve lead to this result?)

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