What if it jumped up to $10 per gallon overnight

Assignment Help Macroeconomics

Reference no: EM132472872

If the average price of gasoline is $3.25 per gallon in your town, and gasoline is a perfectly competitive market, explain what might happen and why in your town if the price of gas dropped to $0.50 overnight? What if it jumped up to $10 per gallon overnight?

Reference no: EM132472872

Questions Cloud

Evaluate the interaction of cultural diversity : Evaluate the interaction of cultural diversity with conflict in international negotiations. Assess the important indicators of diversity management.

Change and quality on complex global projects : Explain what processes are involved in submitting a request to deal with the changes necessary from your analysis of the case study

Describe policy area related to social problem : Is the policy identified by your group dictated by local, state, or federal statute-or a combination thereof? Describe policy area related to social problem

Compare the concept of patient and client : Compare and contrast the concept of patient and client. Why is learning the culture of a behavioral health provider important to know how to function.

What if it jumped up to $10 per gallon overnight : If the average price of gasoline is $3.25 per gallon in your town, and gasoline is a perfectly competitive market, explain what might happen

Describe how segregated the neighborhoods are in locality : Describe how segregated the neighborhoods are in your locality. Be sure to consider the various social inequality indicators: race, ethnicity, class

How an early career counselor can develop competencies : Review the ten competencies listed in the Assessment of Group Counselors' Competencies found in Appendix C of your Group Counseling: Concepts and Procedures.

Implications of binding price ceilings or price floors : What are the implications of binding price ceilings or price floors on various goods when considering general welfare? In 200 words

Employment act of 1946 increase government spending : How does the Employment Act of 1946 increase government spending, demand, and quicken the economy?

User Account

All Pages