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ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305659094ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305659094 Exercise 8
DEMAND AND SUPPLY How do you think each of the following affected the world price of oil? (Use demand and supply analysis.)
a. Tax credits were offered for expenditures on home insulation.
b. The Alaskan oil pipeline was completed.
c. The ceiling on the price of oil was removed.
d. Oil was discovered in the North Sea.
e. Sport utility vehicles and minivans became popular.
f. The use of nuclear power declined. 11eb5b3a_f9fc_3c80_a9f3_6311f6f4ce97
a. Tax credits were offered for expenditures on home insulation.
b. The Alaskan oil pipeline was completed.
c. The ceiling on the price of oil was removed.
d. Oil was discovered in the North Sea.
e. Sport utility vehicles and minivans became popular.
f. The use of nuclear power declined. 11eb5b3a_f9fc_3c80_a9f3_6311f6f4ce97
Explanation
Verified
Verified
a. Tax credit:
If government gives tax ...
ECON MACRO 5th Edition by William McEachern
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