Gasoline prices typically rise during the summer, a time of heavy tourist traffic. A street talk feature
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Gasoline prices typically rise during the summer, a time of heavy tourist traffic. A “street talk” feature on a radio station sought tourist reaction to higher gasoline prices. Here was one response: “I don’t like
’em [the higher prices] much. I think the gas companies just use any excuse to jack up prices, and they’re doing it again now.” How does this tourist’s perspective differ from that of economists who use the model of demand and supply? LOP7
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Related Book For
Principles Of Macroeconomics
ISBN: 9780691170817
1st Edition
Authors: Libby Rittenberg, Timothy Tregarthen
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