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What could explain the simultaneous increases in the price of lithium and the production of lithium?

What could explain the simultaneous increases in the price of lithium and the production of lithium?

Economics

  • What could explain the simultaneous increases in the price of lithium and the production of lithium? Use supply and demand curves to explain your answer. (Hint: Price and equilibrium quantity have both increased. Would a shift in the demand curve or a shift in the supply curve lead to this result?)

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