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Author Question: The above figure shows the demand curve for crude oil. Suppose the price is currently $7. A supply ... (Read 95 times)

krzymel

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on: Jun 18, 2019


The above figure shows the demand curve for crude oil. Suppose the price is currently $7. A supply shock suddenly raises the price to $9. What happens with the crude oil sales revenue?
◦ Crude oil sales revenue increases by less than $250.
◦ Crude oil sales revenue declines by more than $300.
◦ Crude oil sales revenue stays the same.
◦ Crude oil sales revenue increases by more than $250.
Microeconomics ¦ Perloff ¦ 8th Edition
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Marked as best answer by krzymel on Jun 18, 2019

TINA

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Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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krzymel

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Reply 2 on: Jun 18, 2019
Excellent

meganmoser117

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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