flom15
Monday, January 10, 2011
Supply and Demand
http://www.google.com/imgres?imgurl=https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTCMCbLUBL2jmuZeyq3ubTZARnI6b0taF_pkHwr9KusogVdIawK8i4HhuLJ7kFA943I8nTuc0x_aDxBi0dOAfYq7O41SlJzU0o6xEFAmlwsUUSNhCEL0nZQN5AX8V784Guyr_IKSUnm2o/s400/econs_cartoon_1.PNG&imgrefurl=http://08s6kecons.blogspot.com/2008/05/random-cartoons.html&usg=__1jBsVriNiL_aIHBCS9I_qR05kEs=&h=315&w=400&sz=147&hl=en&start=24&sig2=s4oyu_aKvxjJpefcsggQfA&zoom=1&tbnid=02A4G06ayuRuBM:&tbnh=158&tbnw=200&ei=pcAsTZu7H5_qnQeKr_DeCQ&prev=/images%3Fq%3Dsupply%2Band%2Bdemand%2Bcatoons%26um%3D1%26hl%3Den%26sa%3DN%26biw%3D1024%26bih%3D677%26tbs%3Disch:10,1049&um=1&itbs=1&iact=rc&dur=269&oei=nMAsTeqAOJCmnQed-4DgCQ&esq=4&page=3&ndsp=12&ved=1t:429,r:4,s:24&tx=154&ty=29&biw=1024&bih=677
This cartoon describes the shift from natural gas to fossil fuel. Since this is supply and demand, the demand of the gas shifts left and the supply curve also shifts left. Which means prices will increase and the quantity will decrease. -MC #30
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