gas pipeline

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Title: gas pipeline

Essay Details:

Subject: Business

Author: Sylvia H

Date: December 18, 2011

Level: University

Grade: A

Length: 3 / 620

Essay text:

The very thought of not having fuel has the ability to put people into a frenzy, which in turn causes peoples shopping and spending patterns to fluctuate. This is responsible for the demand change. As the gasoline reserve dwindles, the supply curve will veer extremely to the left. This will be illustrated as the selling price of gas rises within a short period of time. On the other hand, the demand curve will be forced to the right because of the high demand for gasoline, despite the rising costs. This is a rare occurrence that happens on occasion with commodities such as gasoline, whose demand is so high that drivers are willing to pay a great deal of money...

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