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Suppose that the following two events take place in the market for Kuwait's currency the dinar; the us demand oil, Kuwait's main export good declines and market interest rates on financial assests denominated in dinar decrease relative to us interest rates what happens to the dollar price of the...

Analyze why the prices of gasoline rose so high over the summer. Was it because OPEC cut back production and the number of people driving was more? Illustrate this using a graph showing a decrease in supply coupled with an increase in demand, resulting in large price increases.