supply and demand 21

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The attachment contains two articles written about a week apart on Crude Oil June Futures. You do not need to know anything else about the oil market than what is included in these articles. But be sure you are familiar with the concepts including, but not limited to, demand, supply, markets, opportunity costs, and monopolistic power. Answer the following questions:

1. In a structured paragraph or two, argue that changes in demand are the main reason why crude oil future prices have collapsed.

2. In a structured paragraph or two, argue that changes in supply are the main reason why crude oil future prices have collapsed.

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