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What was the price of oil in 1880?
The average price of a barrel of crude oil in 1880 was 94 cents.
Which statement most accurately explains the effect pf competition among local gas stations on the price of gasoline?
The demand for gasoline will decrease. The price of gasoline will decrease. The supply of gasoline will increase. The price of gasoline will increase.
If the price elasticity of demand for gasoline is 0.20?
Price elasticity that is positive is uncommon. The buyers of gasoline would be generally wealthy individuals who believe that the more expensive the gasoline, the better it must be. Thus, as the price of gasoline goes up, the quantity of gasoline demanded by wealthy people goes up as well. A more suitable product with a positive price elasticity of demand (PED) would be for instance caviar.
What were the gas price in the 1775?
Gasoline did not exist in 1775.
Is the price of gasoline is microeconomic or macroeconomic?
The price of gasoline is primarily a microeconomic issue, as it relates to the supply and demand for gasoline in specific markets. Factors such as production costs, consumer preferences, and competition among suppliers influence local gasoline prices. However, it can also have macroeconomic implications, as changes in gasoline prices can affect overall inflation rates and economic activity.
Who controls the price of gasoline?
the government controls the price of gasoline
What was the price of oil in 1880?
The average price of a barrel of crude oil in 1880 was 94 cents.
What is the likely effect of this high demand on gasoline prices?
The Price of the gasoline with increase : D
What is the price of Gasoline in Warrenton, Mo. 63383?
What is the price of Gasoline in Warrenton Mo.
Which statement most accurately explains the effect pf competition among local gas stations on the price of gasoline?
The demand for gasoline will decrease. The price of gasoline will decrease. The supply of gasoline will increase. The price of gasoline will increase.
What was the price of gasoline in 1993?
Years ago the price of gasoline was very less expensive. For example in the year 1993 the price of gasoline was approximately $1.11 per gallon.
What was the average price of gasoline in 1983?
The average price of gasoline in 1983 was 37p in the UK http://www.speedlimit.org.uk/petrolprices.html and the average price of gasoline in 1983 in the USA was $0.81 a gallon.
1880-barbed wire stoping open range wars?
The price for barbed wire in 1880 was about 11.95 for about 250 yards. The price for barbed wire in 1880 was about 11.95 for about 250 yards.
What was the price of a gallon of gasoline in 1980?
The average price of a gallon of regular unleaded gasoline in 1980 was $1.25
What is the price of small gasoline cans for gasoline burners?
$.21
What was the price of a gallon of gasoline in 1979?
The average price of a gallon of regular unleaded gasoline in 1979 was 90 cents.
What was the price of a gallon of gasoline in 1974?
The average price of a gallon of regular leaded gasoline in 1974 was 53 cents.
