Social Studies, 13.02.2020 21:03 connzbozz
Soon after America’s declaration of war on Japan the British colony of Malaya was overrun by advancing Japanese military forces. Malaya was the primary source of natural rubber to the US automobile industry before the war. At the same time demand for military vehicles has surged in response to massive government orders. Based on these facts, how would you predict the equilibrium price and quantity of vehicles to change after the fall of Malaya?
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Soon after America’s declaration of war on Japan the British colony of Malaya was overrun by advanci...
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