The newspaper reported that insurgents in saudi arabia had, Business Economics

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The newspaper reported that insurgents in saudi arabia had

The Newspaper reported that insurgents in Saudi Arabia had taken over a major oil refinery. What would you predict would happen to the average price and quantity exchanged in the market for gasoline in Saudi Arabia? Analyze whether there would be a shift in either curve or a movement along either curve for both the supply and demand curves in this market. Explain your answer.

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