Edward Millner's blog. It contains links to articles for students taking Principles of Microeconomics and Managerial Economics. It also contains links to articles about politics. The opinions here are mine. No one at VCU reviews or approves what I post.
Friday, June 26, 2020
Supply and Demand in Action in the Oil Market
What a surprise! A decrease in production, coupled with an increase in demand => decrease in inventories => an increase in price (WSJ, June 2020). Who knew?
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