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Re: RE: Gas Prices




In a message dated 10/5/99 8:42:22 AM, scooke@uidaho.edu writes:

<< If gas demand is this responsive to a decrease in price, total revenue will

increase to gas station owners who lower their price.

The problem of higher gas prices should then be self-correcting. >>

Unless they are held artificially high by all stations or their suppliers in 
a community (read Moscow).




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