Thursday, September 10, 2015

Project Log Entry #1

   When gasoline companies do not have price control in place, it is varied on what the prices are and if the consumer wants the gas at that price. The price of gasoline will be based on the market. The companies would need to look at the rate of demand of the customers and try to compromise. The amount of supply should be dependent on the popularity of the product. By doing this, the amount of shortages will decrease.

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