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  • No Because it wouldnt work i think it definetly wouldnt

    The interaction of buyers and sellers in free markets enables goods, services, and resources to be allocated prices. Relative prices, and changes in price, reflect the forces of demand and supply and help solve the economic problem. Resources move towards where they are in the shortest supply, relative to demand, and away from where they are least demanded.

    The rationing function of the price mechanism
    Whenever resources are particularly scarce, demand exceeds supply and prices are driven up. The effect of such a price rise is to discourage demand and conserve resources. The greater the scarcity, the higher the price and the more the resource is rationed. This can be seen in the market for oil. As oil slowly runs out, its price will rise, and this discourages demand and leads to more oil being conserved than at lower prices. The rationing function of a price rise is associated with a contraction of demand along the demand curve.

    Or leave a market. Rising prices give a signal to consumers to reduce demand or withdraw from a market completely, and they give a signal to potential producers to enter a market. Conversely, falling prices give a positive messamers to entucers to leave a market. For example, a rise in the market price of 'smart' phones sends a signal to potential manufacturers to enter this market, and perhaps leave another one. Similarly, the provision of 'free' healthcare may signal to 'consumers' that they can pay a visit to their doctor for any minor ailment, while potential private healthcare providers will be deterred from entering the market. In terms of the labour market, a rise in the wage rate, which is the price of labour, provides a signal to the unemployed to join the labour market. The signalling function is associated with shifts in demand and supply curves.

    The incentive function of the price mechanism
    An incentive is something that motivates a producer or consumer to follow a course of action or to change behaviour. Higher prices provide an incentive to existing producers to supply more because they provide the possibility or more revenue and increased profits. The incentive function of a price rise is associated with an extension of supply along the existing supply curve.

    Diagrammatic explanation
    A market starts with a stable equilibrium, where demand equals supply.



    A supply shock reduces supply at each and every price. This creates an excess of demand at the existing price.



    The price is now forced up to a new price (P1) where the market clears.

    At the new price, demand and supply are brought into equilibrium through a contraction of demand (the rationing effect) and an extension of supply (the incentive effect).



    In the long run, the higher price sends out signals, either for existing firms to introduce better production methods or by new firms entering the market. This causes the supply curve to shift to the right. Eventually, price may return to its existing level.



    In

  • Limited amount left

    We are running low, and gas/oil is ruing the environment altogether. Its best we raise them high, so we start to discourage the people from encouraging businesses to waste a non-renewable resource on things where we could just replace it with bicycling, electric vehicles, share public transportation. So save your money to bring bread to the table and start taking the bus or ride a bike.

  • Roughly 90 years left of fuel

    Start picking your new form of transportation because demand is going to go up up up and supply is going to go down leaving us up the road without a paddle, or gas... Literally. Take care of your resources because mother earth will start fighting back. Were going to run out of food, water, fuel and then what? Eat the money we made from ruining them? Good luck society!

  • Gas is nonrenewable

    Demand high, supply lower, prices lowering, supply loss rate increasing. Increase minimum gas price or we end up losing gas all together. We don't live in a fairy tale where we never run out of what we need. Stop thinking about yourself and think about the environment. And stop typing, "dfdfhfgh".

  • It's a nonrenewable resource

    Okay, I know that majority of us are out here making minimum wage. I also know that you can not just make gas. It is a nonrenewable resource, so once we run out that's it, no more gas. So as long as the gas prices are set at a reasonable charge, at least we'll know that the supply is not running low. If the demand for gas is higher than we are able to supply, were kinda screwed. I know that paying for gas is a pain in the ass but i also know that the hour and a half bike commute to your dead-end job is even worse. So would you rather just pay a little more for gas? Or always have to walk, bike or buy some form of electric car as an adult? If you choose the latter well, you better buy a bike.

  • F dsf sf ds fds f sdf s a a s a a

    Because we cant wasisdfnsdfhjohhsdwohfuwefh ewewf ewf ew ew few f we wf we f grg wurighvnds fsdhfsdhf hsd fdhf ds fds fds f dsf ds fdsf sd f sdf sd f sd fsd fsd f s fdsfsdfds dsfds fsd fd sf sd fsd f sd fsd fsd fds dsf sdf sdfdsf sdf dsf and all this stuff

  • Because no i say that

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  • Because no i say that

    Asbdabshdbjfkjdaiehfihfhef febfwfiuewifewf efjkfj sdbab sdabfjsjdb fs kjf bsjsdff sfsbjfdsbfbbsd skbfs dsbsjbdsb sdjbd b sdbfjasb fldsbsd bda sdb dsk dsbas ds df f ede c ed ff g re a da fd ggoreoeeybsyc c ssygfff f sfuifsisff ff f ff f f osoo w ww weeerrt tt t diiisspp d d df f

  • It would be beneficial to all.

    Really we need to set oil prices, that a controlling factor to fuel pricing, we have so much oil, we don't need to let other countries set our prices. By setting a Barrel of oil to a fair price ($60 to $70) that would keep the oil companies making money and Hopefully putting people back to work, that would also keep fuel prices in the mid $2.00 range which our economy could afford. With more people going to ONG that's going to help our country Big Time, All Government, State, City vehicles need to be ONG led the way to helping our Mother Earth. NO FRACKING

  • It would be beneficial to all.

    Really we need to set oil prices, that a controlling factor to fuel pricing, we have so much oil, we don't need to let other countries set our prices. By setting a Barrel of oil to a fair price ($60 to $70) that would keep the oil companies making money and Hopefully putting people back to work, that would also keep fuel prices in the mid $2.00 range which our economy could afford. With more people going to ONG that's going to help our country Big Time, All Government, State, City vehicles need to be ONG led the way to helping our Mother Earth. NO FRACKING

  • Higher pricing leads to lower demand

    Higher pricing almost always leads to lower demand. Modern capitalist society is based on this rule (in addition to many other rules of economics). Petrol, oil, and gas products are not similar to food, water, and medical care: there are substitutes. The current market for gas can migrate to other areas such as many renewable sources or public transportation. The government stepping in, in this case, would lead to a drawn-out withdrawal from gas into renewable energy when the opposite should be encouraged.

  • Companies rely on competing prices and would ruin the industry if the prices were regulated

    Fuel should not be regulated because there would be no point of going to different gas stations and they would all have the sames prices. It could also make fossil fuels less abundant because every one would be buying from different gas stations and there would need to be more oil to go to all the gas stations.

  • Companies rely on competing prices and would ruin the industry if the prices were regulated

    Fuel should not be regulated because there would be no point of going to different gas stations and they would all have the sames prices. It could also make fossil fuels less abundant because every one would be buying from different gas stations and there would need to be more oil to go to all the gas stations.

  • Companies rely on competing prices and would ruin the industry if the prices were regulated

    Fuel should not be regulated because there would be no point of going to different gas stations and they would all have the sames prices. It could also make fossil fuels less abundant because every one would be buying from different gas stations and there would need to be more oil to go to all the gas stations.

  • No Because it wouldnt work i think it definetly wouldnt

    The interaction of buyers and sellers in free markets enables goods, services, and resources to be allocated prices. Relative prices, and changes in price, reflect the forces of demand and supply and help solve the economic problem. Resources move towards where they are in the shortest supply, relative to demand, and away from where they are least demanded.

    The rationing function of the price mechanism
    Whenever resources are particularly scarce, demand exceeds supply and prices are driven up. The effect of such a price rise is to discourage demand and conserve resources. The greater the scarcity, the higher the price and the more the resource is rationed. This can be seen in the market for oil. As oil slowly runs out, its price will rise, and this discourages demand and leads to more oil being conserved than at lower prices. The rationing function of a price rise is associated with a contraction of demand along the demand curve.

    Or leave a market. Rising prices give a signal to consumers to reduce demand or withdraw from a market completely, and they give a signal to potential producers to enter a market. Conversely, falling prices give a positive messamers to entucers to leave a market. For example, a rise in the market price of 'smart' phones sends a signal to potential manufacturers to enter this market, and perhaps leave another one. Similarly, the provision of 'free' healthcare may signal to 'consumers' that they can pay a visit to their doctor for any minor ailment, while potential private healthcare providers will be deterred from entering the market. In terms of the labour market, a rise in the wage rate, which is the price of labour, provides a signal to the unemployed to join the labour market. The signalling function is associated with shifts in demand and supply curves.

    The incentive function of the price mechanism
    An incentive is something that motivates a producer or consumer to follow a course of action or to change behaviour. Higher prices provide an incentive to existing producers to supply more because they provide the possibility or more revenue and increased profits. The incentive function of a price rise is associated with an extension of supply along the existing supply curve.

    Diagrammatic explanation
    A market starts with a stable equilibrium, where demand equals supply.



    A supply shock reduces supply at each and every price. This creates an excess of demand at the existing price.



    The price is now forced up to a new price (P1) where the market clears.

    At the new price, demand and supply are brought into equilibrium through a contraction of demand (the rationing effect) and an extension of supply (the incentive effect).



    In the long run, the higher price sends out signals, either for existing firms to introduce better production methods or by new firms entering the market. This causes the supply curve to shift to the right. Eventually, price may return to its existing level.



    In

  • No, I think not.

    How would you be able to look for the lowest priced gas? Exactly you can't. How do you know that the government will set a low price? You don't. All prices would be the same and you would have to pay that amount, even if it is too high. In town, gas is 2.05 a gallon Out of town gas is 1.87 a gallon. Just a few cents can break a person.

  • I believe the government should not regulate gas prices

    If the government regulates gas prices it would defeat the purpose of a free market economy which, is what we had here in the U.S. Oil companies are creating their own competition with each other, and to regulate and destroy this market is agents the free market economy. The price of oil should very from location, if the price of oil is set nationwide then you can’t expect a company to make a profit. Oil should cost more inland then on the cost because of all the extra expenses it takes to get the product to the consumer. If we want to go back to a free market economy then gas should not be regulated.

  • I believe the government should not regulate gas prices

    If the government regulates gas prices it would defeat the purpose of a free market economy which, is what we had here in the U.S. Oil companies are creating their own competition with each other, and to regulate and destroy this market is agents the free market economy. The price of oil should very from location, if the price of oil is set nationwide then you can’t expect a company to make a profit. Oil should cost more inland then on the cost because of all the extra expenses it takes to get the product to the consumer. If we want to go back to a free market economy then gas should not be regulated.

  • No gas price regulation

    Free market economy allows for the consumers to influence the price as well as other factors like availability. Otherwise, we are forced to pay whatever the government sets the price to be. And until we discover a new way to fuel our cars, there should be no arguments dealing with less dependency on oil. That is irrelevant.

  • It would be beneficial to all.

    Really we need to set oil prices, that a controlling factor to fuel pricing, we have so much oil, we don't need to let other countries set our prices. By setting a Barrel of oil to a fair price ($60 to $70) that would keep the oil companies making money and Hopefully putting people back to work, that would also keep fuel prices in the mid $2.00 range which our economy could afford. With more people going to ONG that's going to help our country Big Time, All Government, State, City vehicles need to be ONG led the way to helping our Mother Earth. NO FRACKING


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