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Social Studies, 31.07.2019 02:30 lilinicholeb
Temperatures have persisted below freezing levels in florida throughout the months of december and january. as a result, demand for electricity sharply increased and the price of electricity rose sharply. the price of coal also rose. in these circumstances, any resulting shifts in the supply curves for coal miners and electricity producers
(a) will determine what price to produce at given the market demand.
(b) can also be interpreted as shifts of their respective marginal cost curves.
(c) at all levels of output shift marginal costs to the right.
(d) shift marginal costs to the right enabling both to produce more at any given market price.
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