Gasoline Prices Change and a Reflection of Supply and Demand

Number of Pages 4

This 4 page paper takes a newspaper article about increasing gasoline process in Michigan and examines this from the perspective of supply and demand. The underlying economic concepts are explained and applied to the price movement in the gas prices, the movements are illustrated with the use of 2 supply and demand graphs. The bibliography cites 4 sources.


File: TS14_TEgas2006.rtf


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