Explain why does this happen fluctuating prices of gasoline

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Q. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors, as outlined in our book. Be sure to cite any references used.

Q. Suppose the government wants to discourage consumption of some good (such as cigarettes or liquor). Assess the effectiveness of specific. Assess the effectiveness of specific taxes and the lump sum taxes (a pure reduction in income) in reducing consumption? Draw appropriate diagrams to show this.

Reference no: EM1350516

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Explain why does this happen fluctuating prices of gasoline : We are all familiar with fluctuating prices of gasoline at the pump. Explain why does this happen.

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