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Studies have shown that the winter of 2014 was one of the coldest that the U. S. has seen. Therefore, people used between 10 and

Studies have shown that the winter of 2014 was one of the coldest that the U. S. has seen. Therefore, people used between 10 and 12 percent more natural gas than they would have normally. Based on this information, please explain to Gary: (a.) How the price of natural gas is determined. (b.) The process by which the market will adjust when the demand increases.

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