Statements using graphical analysis

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Reference no: EM131246169

Evaluate the following statements using a graphical analysis. Provide a brief narrative explanation of your graph to support your evaluation. Make sure axes and curves in your graph are properly labeled.

a: "When demand for s home heating oil increases, a shortage of heating oil will occur."

b: "A decrease in the supply of random access memory (RAM) chips for personal computers causes a shortage of RAM chips."

Reference no: EM131246169

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