Wednesday, November 08, 2006

Unit 1: The price of gas

This Guardian article shows how both supply and demand determine the price of a product

a) What does it say is happening to supply?
b) How does the demand for gas change?
c) Taking the 2 sides, why does the article argue that prices will remain high?

http://business.guardian.co.uk/story/0,,1938259,00.html

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