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Discuss supply and demand

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Reference no: EM131329879

A sudden and sharp increase in gas prices will have what impact on the market for the following (be sure to discuss both supply and demand):

  1. Large gas guzzling vehicles.
  2. Small fuel-efficient cars.
  3. Research on alternative fuels.
  4. Other price products that use oil such as plastic or vinyl products.

Reference no: EM131329879

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