Q,-82 million barrels per day. the pre-ANY simplicity, assume that the supply and demand curves are linear and that the introduction of ANWR oil would cause a parallel shift in the world supply curve to the right by 08 million barrels per day Determine the long-run linear demand function that is consistent with pre-ANWR world output and price The long-run demand hinction is Q- 123-0 41p Determine the long-run linear supply function that is consistent with pre-ANWR world output and price The long-run supoply function is

Q,-82 million barrels per day. the pre-ANY simplicity, assume that the supply and demand curves are linear and that the introduction of ANWR oil would cause a parallel shift in the world supply curve to the right by 08 million barrels per day Determine the long-run linear demand function that is consistent with pre-ANWR world output and price The long-run demand hinction is Q- 123-0 41p Determine the long-run linear supply function that is consistent with pre-ANWR world output and price The long-run supoply function is

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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