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Category > Economics Posted 22 Jun 2017 My Price 6.00

Gas prices in Chicago

Gas prices in Chicago are currently a bit under $3. Just a few years ago, gas prices were over $4. People respond to incentives. How do you think lower gas prices affect:

(a) Gasoline consumption?

(b) Miles traveled by car?

(c) Public transportation usage?

Explain your answers.

Answers

SuperTutor
(15)
Status NEW Posted 22 Jun 2017 02:06 AM My Price 6.00

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