A hurricane destroyed the oil rigs that were used to make gas. Gas prices increased. What kind of supply and demand relationship

Question

2 years ago

14

A hurricane destroyed the oil rigs that were used to make gas. Gas prices increased. What kind of supply and demand relationship

occurred?
Low supply, low demand = low prices
High demand, supply stayed the same = high prices
Low supply, demand stayed the same = high prices
High demand, high supply = high prices

English

1 answer:

Mandarinka [93] · Answer 1 · 2022-09-18T06:55:43+03:00

Mandarinka [93]2 years ago

8 0

Low supply demand stayed the same = high prices