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QUESTION
There are two different schools of thought on how to lower gasoline prices and reduce US dependence on foreign oil.
There are two different schools of thought on how to lower gasoline prices and reduce US dependence on foreign oil.
- Increase SUPPLY of oil (drilling offshore)
- Decrease DEMAND (finding alternatives to oil).
Think through how you might graph how these two changes will bring about lower gas prices. Which school of thought do you subscribe to?
