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The prices of petroleum products in the world market are constantly in the news and associated with them is the falling gasoline prices in the United States. In an essay, discuss the factors that are affecting the market for gasoline. How will the change in each of these factors affect the supply and demand of gasoline in the United States? Ensure your analysis is limited to economics; apply your knowledge of demand, supply and elasticity. 

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Kritika Krishnakumar
Kritika KrishnakumarLv10
28 Sep 2019

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The prices of petroleum products in the world market are constantly in the news and associated with them is the falling gasoline prices in the United States. In an essay, discuss the factors that are affecting the gasoline market. How will the change in each of these factors affect the supply and demand of gasoline in the United States? Ensure your analysis is limited to economics; apply your knowledge of demand, supply, and elasticity. Minimum 400 word

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