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Econ 203 Mid-term Workforce Assessment:  Shocks in the Market for Gas 

A key skill in

economics is the ability to use the theory of supply and demand to analyze specific markets. In this assessment, you will demonstrate your ability to analyze the effects of several “shocks” on the market for gas at service stations. 

Carbon tax: Suppose the government imposes a carbon tax on oil production.

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EFFECTS OF SHOCK ON THE GAS AT SERVICE STATION.
A key skill in economics is the ability to use the theory of supply and demand to
analyze specific markets. In this assessment, you will demonstrate...

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