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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?
From a purely economic point of view the government should play an important role in affecting the demand and supply of key commodities such as gasoline or electricity.
These key commodities fall in the category of necessities and stability in their demand and supply is important for the economy.
What determines the demand for these commodities? The level of income, the tastes of the people, the population, government policies and the prices determine the demand for these commodities. ...
Supply and Demand is discussed very comprehensively in this explanation.