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Read the short news article below on
the declining price of gasoline (Dec. 2015). Paragraph 10
states "Plunging oil prices are the main factor driving down
the price at the pump. "
http://money.cnn.com/2015/12/20/news/economy/aaa-2-dollar-gas/index.html
After studying this lesson you should
be able to:
(1) list the non-price determinants
of supply
(2) select the determinant that is
the cause of the decline in gasoline prices discussed in the
news article, and
(3) graph the effect that the change
in the determinant will have on the supply curve for
gasoline.
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