Economic History

A Gas Price That Might Matter

Gasoline prices add 9/10 at the margin
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  1. matsudae12 says:

    As gas prices near three-year highs, Bernanke should subsidize local oil drilling so more money can be put into the economy through American jobs.

  2. Elasticity all depends on the individual; some people have more money than others. It depends on priorities too; some people will rather buy nice clothes but eat Top Ramen. Too many variables involved.

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