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Shifting Curves: Demand and Supply Shifts in the Gasoline Market

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Students create a graph of gasoline supply and demand and identify the market-clearing price, then graph a decrease in demand for gasoline and a decrease in supply of gasoline to understand how those factors affect prices. From the Inside the Vault article, "Why Do Gasoline Prices React to Things That Have Not Happened?"

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Audience:   High School
Language:   English
Subjects:   Economics
Resource Types:   Lessons
Concepts:   Supply, Demand