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Gasoline prices garner a lot of attention in the United States. What can explain a temporary decline in gasoline consumption, and how do gasoline prices spur innovation in the energy and automotive industries?
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CCSS:
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Instructional Ideas
- Consider using real products that your class members can relate to when discussing Activity 1 and increased prices of goods
Pros
- Valuable topic for learners to consider
- Includes extension activity covering price elasticity of demand
Cons
- None