What would you calculate would happen to the average price


The Newspaper reported that insurgents in the Saudi Arabia had taken over a major oil refinery. Discuss what would you calculate would happen to the average price and quantity exchanged in the market for gasoline in Saudi Arabia? Examine 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.

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Macroeconomics: What would you calculate would happen to the average price
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