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Edmer Vera

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Student Account

on 23 April 2010

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Transcript of Edmer Vera

Prices of Related Goods The gas prices in the 90's was $ 1.19 The cheapest gas ever existed was back in the 1930's a gal of gas was $0.26 which was still expensive because they were suffering from the depression but for us that's nothing!!! We wish it cost that much now. Going to the 60's the prices of gas went up by $0.5 which makes the $0.31 a gal for regular. Now in 2010 regular gas price is $2.89 a gal which is alittle expensive but not as much as 2 years ago in the summer of 2008 when gas prices went up to a record high $ 4.00 a gal!!! Price of Related Goods: A change in a product's price can effect the supply for the product's related goods
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