Supply And Demand

Economics ofHigh Pump PricesPeople often take notice of news program concerning too high prices of basic commodities much(prenominal) as natural gas be and the imp fiddles of this high oil prices . The reports could go on and on so any political relation activity essential act speedily with the said issuesGiven a supply and a expect agenda , with a change in one or more(prenominal) factors affecting them , the graph can be viewed as in the case of Figure 1 . With a certain make up in price of oil , the quantity would decrease and as a result , there would be a superabundance . With the price hike of petroleum products , there is an inelastic ask for oil since people owning automobiles learn no choice of using flatulence as their input to their automobilesBasically , the national government of a certain state mus t limit the price of clog up products that can be super charged on consumers ADDIN EN .CITE Inc .Associates for transnational inquiry Inc Gas prices around the creation 2007June 82005hypertext commute communications protocol /money .cnn .com /2005 /08 /19 /news /external /global_gasprices (Associates for International question Inc , 2005 . How much share wise of the prices of these products the government must lessen should depend on various factors . However , certain peers would fight down radically if the government forced them to restrict the prices of gasoline products since they have their earnings that must be maintained to compensate the incurred be in manufacturing the gasoline products . With this action done by the government , they may lose weight some of their human resources such as their employees and casualties to lessen their maintaining costs .

They may also realize lower leveled supplies to lessen their run costsIn another view , alternatively than raising gasoline prices by increasing the gasoline value or imposing a tax on people who drive or misdirect fuel in in force(p) vehicles for personal purposes , the government must quest automobile manufacturers to produce vehicles that are more fuel efficient and for the meantime supplant the procedure of certain types of vehicles for personal use such as SUVs since they are claimed to be more polluting ADDIN EN .CITE Adler20034 412Jonathan AdlerAnti-Anti-SUVs Part Deux 2007June 82003hypertext transfer protocol /www .nationalreview .com /adler /adler012703 .asp (Adler , 2003 . The manufacturers needless to say are charged to clean out automobile efflue nce Figure 1 . Schedule (Internet internality for Management and Business Administration , Inc , 2002ReferencesADDIN EN .REFLIST Adler , J (2003 . Anti-Anti-SUVs , Part Deux Retrieved June 8 , 2007 , from HYPERLINK http /www .nationalreview .com /adler /adler012703 .asp http /www .nationalreview .com /adler /adler012703 .aspAssociates for International Research Inc (2005 . Gas prices around the globe Retrieved June 8 , 2007 , from HYPERLINK http /money .cnn .com /2005 /08 /19 /news / outside(a) /global_gasprices http /money .cnn .com /2005 /08 /19 /news /international /global_gaspricesInternet Center for Management and Business Administration , Inc (2002 Retrieved September 13 , 2007 , from http /www .netmba .com /econ /micro /supply-demand PAGEPAGE 1ECONOMICS OF HIGH PUMP PRICES Page...If you want to name a full essay, order it on our website: BestEssayCheap.com

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