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QUESTION

Products Event Economic growth is expected to improve in the next two quarters. Fire at an oil refinery in the Gulf will not be fixed for a month....

Using the attached table, for each line item, write a paragraph describing how the market for each specific product will be affected by the associated event. Describe which curve will shift (demand or supply of both), what effect it will have on price (rise or fall in price), and what will happen to quantity (rise or fall in quantity). Each line item requires a paragraph.

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