Supply Demand Price
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Title: Supply Demand Price

Essay Details:

Subject: Miscellaneous
Author: Derek B
Date: November 26, 2010
Level: University
Grade: A
Length: 3 / 715

Essay text:

FTC made that analogy statement as well in the article when speaking on how the prices have increased over the time due to the increases in automotive sales as well as those that prefer public transportation. It is a common trend that once the gas price increase you see less people buying the gas and utilizing the public transportation. So the demand fluctuates based on the price of the product which is very important correlation in the triangle of supply demand and price. The demand for the crude oil has increased significantly but not the availability of it however is still not in comparison to what is actually demanded so this factor is a cause to the increase at the gas price at the pump...

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