Summarize what you learned and demonstrate your understanding in terms of shifts in demand and supply curves.
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Summarize what you learned and demonstrate your understanding in terms of shifts in demand and supply curves. Starting with an intital set of demand and supply curves in February 2020 for instance, and depict what happened to the demand and supply curves by the summer of 2020 that explains the steep drop in oil prices. Provide a similar analysis for the price of oil now.
https://www.investopedia.com/articles/investing/100615/will-oil-prices-go-2017.asp
https://www.cnbc.com/2022/03/21/oil-is-likely-to-remain-volatile-and-expensive-as-world-deals-with-supply-shortages.html
https://www.nytimes.com/2022/05/10/business/energy-environment/oil-prices-gas.html?ref=oembed
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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