From a purely economic point of view, what role, if any, should the government play in affecting the supply and demand of a key commodity such as gasoline or electricity?
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From a purely economic point of view, what role, if any, should the government play in affecting the supply and demand of a key commodity such as gasoline or electricity?
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From a purely economic point of view, what role, if any, should the government play in affecting the supply and demand of a key commodity such as gasoline or electricity?
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Gasoline and electricity are relatively inelastic goods, i.e., in modern western societies they are absolutely essential for lifestyle and people would go to any ...
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