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Gas was selling 100,000 gallons a weeks prior. Fast forward four years into the future. Gas again sells for $1 a gallon in Oz, but

Gas was selling 100,000 gallons a weeks prior.

Fast forward four years into the future. Gas again sells for $1 a gallon in Oz, but the natives are only buying 70,000 gallons a week. What happened that can explain this? Relate your answer to elasticity and what we said about time horizons and elasticity. (2 points)

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