Patel108 Posted October 18, 2010 Report Share Posted October 18, 2010 Okay this is the article I am using. http://www.bloomberg.com/news/2010-10-12/gasoline-supply-drops-to-lowest-level-since-june-in-survey-energy-markets.htmlAnd the topic for this section is microeconomics, so stuff about scarcity, elasticity, supply and demand, markets, market failure, externalities, etc.Please help me start this. Thanks. Reply Link to post Share on other sites More sharing options...
timtamboy63 Posted October 24, 2010 Report Share Posted October 24, 2010 Well maybe say something about how the decrease in gasoline supply will make it more scarce, hence driving up prices. Then expand on whether the price change will be quite bit or not, and say whether gas is elastic or inelastic in terms of PED.Don't forgot to define all your terms. Reply Link to post Share on other sites More sharing options...
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