The term paper assignment is to use supply and demand to analyzed the market for petroleum from Quarter 1 2008 to Quarter 3 2009 and then to Quarter 3 2013.
Generally discuss supply and demand. A list of topics has been provided to assist you.
Then apply these topics to the time periods above. To do this:
look up price and quantity data for each time period
analyze changing economic conditions and classify each as resulting in a shift in supply or demand
create supply and demand schedules that reflect this
create supply and demand graphs that reflect this.
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(Will Attach Docs)
