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What is the likely effect of this high demand on gasoline prices?
The Price of the gasoline with increase : D
Why does s government sometimes ration a good?
Because there is a shortage of that good. Meaning the quantity demand surpasses the quantity supplied at the price offered... The demand is too high.
Current price of gas in Toronto Canada in US dollars?
As of June 2014, the price for gas in Toronto, Canada in US dollars is $1.26 per liter. The price per gallon would be equivalent to $4.76 USD.
What is the price per acre in 1850?
Treaty of Guadalupe Hidalgo current price: $382,920,000Gadsden Purchasecurrent price: $236,370,370The United States paid $1.14 per acre in the Treaty of Guadalupe Hidalgo and $12.45 per acre for the Gadsden Purchase.
What is meant by the term price discrimination?
Price discrimination exists when the same product is sold at different prices to different buyers. The cost of production is either same, or it differs but not as much as the difference in the charged prices. The necessary conditions, which must be fulfilled for the implementation of price discrimination are the following:The maket must be divided into sub-markets with different price elasticities.There must be effective separation of the sub-markets, so that no reselling can take place from a low-price market to a high-price market.
