Supply and Demand, Considered Together

Why Gasoline Is $4 a Gallon—or Isn’t
  • Evan Osborne


To repeat: we live in a world of scarcity, so no one can have everything he wants. Some procedures have to be found to decide how resources will be used and who will get how much of the resulting output. One way to do that is the market, to whose workings I now turn.


Minimum Wage Demand Curve Supply Curve Price Control Gasoline Price 
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Copyright information

© Evan Osborne 2013

Authors and Affiliations

  • Evan Osborne
    • 1
  1. 1.OhUS

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