13. For each of the following events in the market for natural gas, identify whether the event causes a movement up the supply curve, a movement down the supply curve, a shift of the supply curve to the left or a shift of the supply curve to the right: Event A new natural gas field has been discovered A war has started in Ukraine, through which natural gas pipelines pass through Price of natural gas has increased Price of oil has increased A new technology to extract natural faster more cheaply has been discovered Impact
13. For each of the following events in the market for natural gas, identify whether the event causes a movement up the supply curve, a movement down the supply curve, a shift of the supply curve to the left or a shift of the supply curve to the right: Event A new natural gas field has been discovered A war has started in Ukraine, through which natural gas pipelines pass through Price of natural gas has increased Price of oil has increased A new technology to extract natural faster more cheaply has been discovered Impact
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Y5
![13. For each of the following events in the market for natural gas, identify whether the event causes a
movement up the supply curve, a movement down the supply curve, a shift of the supply curve to
the left or a shift of the supply curve to the right:
Event
A new natural gas field has been discovered
A war has started in Ukraine, through which
natural gas pipelines pass through
Price of natural gas has increased
Price of oil has increased
A new technology to extract natural faster
more cheaply has been discovered
Impact](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F21aee11f-24a3-46d0-96ce-cc911803724a%2F8165edc5-b0fb-4c60-853e-a3ab8f4fff9a%2Fzmllquae_processed.jpeg&w=3840&q=75)
Transcribed Image Text:13. For each of the following events in the market for natural gas, identify whether the event causes a
movement up the supply curve, a movement down the supply curve, a shift of the supply curve to
the left or a shift of the supply curve to the right:
Event
A new natural gas field has been discovered
A war has started in Ukraine, through which
natural gas pipelines pass through
Price of natural gas has increased
Price of oil has increased
A new technology to extract natural faster
more cheaply has been discovered
Impact
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