The CNN reported that, in many places, consumers are buying gas for less than $3 per gallon of gas. This experience can be accredited to various factors in the economy. According to Isidore, there has…
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There have been must studies of the price of gasoline in the United States for the past decades. Espey in the Journal on energy says that the cost of gas largely depends on the elasticity of demand for gas. In a period of less than a year Espey established, the elasticity was negative 0.26%. Therefore, an increase in the cost of gas by $1 reduces the demand by 2.6%. In the long term, the elasticity changed to negative 0.58%. Therefore, price elasticity of demand can explain low prices of gas in the U.S. According to Espey increase in price of gas reduces the demand for gas among consumers. For producers to realize increased revenue over a short run and in the long run, the price of gas ought to low (Espey 52).
Given that the U.S consumers changes their demand for gas due to increase in price, taxing gas by the government will have the same effect of lowering the demand for gas consumption. Gratch in his study found that the tax on gas in United State of America differed from that of Britain, France and Norway. These countries had high taxes on gasoline than the U.S. Saudi Arabia and Venezuela pay for 12 cents per gallon, but they are leading producers of gas in the world. The discrepancies on the prices can be explained by tax rates in different countries. The U.S tax rates are 15-20% while the European nation taxes at a value higher than 20%. Elasticity, therefore, is a determinant of gas price in the U.S.
Gas has positive and negative externalities. It has by products are used in many sphere of life including jet fuels, to heavy machine diesel. Nonetheless, it has the negative externalities of gasoline that affects negatively the cost of gas. In the U.S and even other developed nations, the public is now turning to clean energy. Consequently, less gas is used in the manufacturing. Nuclear powered electricity has substituted gas consumption decreasing its demand and negatively
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This research aims to evaluate and present a number of areas that have been identified as successful in global health promotion. In an attempt to fight poverty which is considered the greatest determinant of health, three areas have been identified to be successful. Immunization of children to help control the spread of diseases is one of the major areas that affect health promotion.
Over the years, however, the "living wage" phrase has been adapted to the various campaigns around working conditions, workers' rights to organize and enterprise reporting. Thus, the concept of a living wage is now useful to guide efforts to improve the state minimum wage and the city, even as the campaign to demand that public funds should not be used for union business or subsidized return public money if they do not meet established standards.
This is however a wrong impression based on the fact that despite the environment, people will manifest different responses to social phenomena. Cultural geography is an imperative discipline in understanding the relationship between the behaviors exhibited by a given group of people, with the place they occupy.
Female agency refers to the presence of women as intermediates in various operational procedures which are acted out through them. It has a more passive tone than female autonomy which refers to the more active self-governing, self-determining and ultimately, self-controlling actions
Unifying humans together is the inner common bond that all share. The common bond which, when discovered, can have a considerable impact upon how behaviors are exhibited by one person towards another. Human beings inherently
The idea of this research emerged from the author’s interest and fascination in how does blood pressure relate to the level of stress you and the other person are typically under? It is commonly believed that high blood pressure is seen in many individuals because of their stress related activities.
This essay explores autobiography in the context of surrealism. Surrealism started during World War 1 in Paris and spread out affecting literature, visual arts, music and film of diverse countries and languages. Surrealism and autobiography have a relationship since they express the feelings of a writer in the absence of interference.
The beliefs found in self-efficacy are cognitions determining if a change in health behavior will be started, how much energy will be used, and the duration it would be continued in the face of failures and
Owing to this fact, this population experiences increased prevalance rates and mortality to a wider range of diseases. The most prevalent health issues impacting on this population entails heart disease, cancer, liver disease, respiratory
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