Saturday, October 28, 2006

Unit 1: The price of gas

Good news for households as this article predicts gas prices will fall

a) Explain why in terms of S&D and draw a diagram to show the predicted effect.
b) Consider whether, in terms of global warming, this might not be such a good thing.

http://news.bbc.co.uk/1/hi/business/5403716.stm

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