asked 85.2k views
0 votes
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

1 Answer

3 votes
Low supply demand stayed the same = high prices
answered
User Karim Sinouh
by
7.7k points
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