According to the video, a pipeline rupture has had an effect on the price of fuel. In economic theory, this represents the ____ curve, and cost increases shift this curve _____.
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If the supply curve for fuel shifts leftward, we can conclude that the equilibrium quantity for fuel will ____, while equilibrium price will _____.
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According to the video, extremely cold weather has had an effect on the price of fuel. In economic theory, this represents the ____ curve, and cost increases shift this curve _____.
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If the demand curve for fuel shifts rightward, we can conclude that the equilibrium quantity for this fuel will ____, while equilibrium price will _____.
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According to the video, an increase in fuel demand and a decrease in fuel supply resulted in a _____; this was dealt with in the short run by _____.
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The video states that the propane industry can only increase production slowly. This means what about fuel’s elasticity?
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According to the video, how did agriculture affect demand for propane?
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