Question:

Graph impact of increase in oil prices on AS/AD graph?

by  |  earlier

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how would i graph this? please be specific. and explain.

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  1. AS would shift upward, each quantity of supplied good would now cost more

    P

    |AD....AS2....AS1

    |..\....../......... /

    |....\../........../

    |...../.\......./

    |./........\../

    |........../..\

    |_________\_______Q

    AD would not move, but after the shift quantity demand would be reduced.


  2. Ad shifts right, prices go up and equilibrium moves to the right then
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