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Introductory to Micro-Economics 1011-107
November 25, 1996.
Back in the middle of October, the price of natural-gas had risen because a gas
company was forced to shut down a pipeline due to the need for repairs. This impending
shortage led to the decrease in prices for other heating commodities, as well as larger
profits. The demand for energy was becoming greater and greater because it was that
time of year when consumers began storing energy in their homes to prepare for the cold
winter months ahead.
The four commodities mentioned i…
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