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The current price of gasoline and labor

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Describe the main factors (supply and demand) affecting the current price of gasoline. Include at least two supply and two demand.

Discuss at least two costs and two benefits of increasing the minimum wage. Should the minimum wage be increased?

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There are a number of factors affecting the current price of gasoline. First, there is always strong demand from industrialized countries for gasoline to run their cars. Also, people in less industrialized countries are beginning to purchase cars, increasing the demand for gas. On the supply side, the OPEC cartel influences the quantity supplied and therefore is a factor that influences the supply ...

Solution Summary

Describe the main factors (supply and demand) affecting the current price of gasoline. Include at least two supply and two demand.

Discuss at least two costs and two benefits of increasing the minimum wage. Should the minimum wage be increased?

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