In the run up to the war in Iraq that began in 2003, one of the many concerns raised was that a war could result in a decrease in the supply of oil. At the same time, the U.S. economy was having a hard time recovering from the most recent recession and, as a result, incomes of many consumers had decreased due to layoffs, wage cuts, and so forth). All else constant, it was reasonable to predict,with certainty, that the combination of these two factors would cause the equilibrium:

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The Answer of In the run up to the war in Iraq that began in 2003, one of the many concerns raised was that a war could result in a decrease in the supply of oil. At the same time, the U.S. economy was having a hard time recovering from the most recent recession and, as a result, incomes of many consumers had decreased due to layoffs, wage cuts, and so forth). All else constant, it was reasonable to predict,with certainty, that the combination of these two factors would cause the equilibrium:

In the Run Up to the War in Iraq That