Gas prices going up again???
It is about time the government institutes a price ceiling on gasoline prices. They just removed the price ceiling for my tuition and car insurance in Alberta (previously post-secondary institutions could only increase tuition by 7.5% per year, and my insurance was not allowed to go over $3100 for minimum coverage).
The problem with gasoline is that it, like cigarettes has a fairly inelastic supply curve, meaning that people will tend to buy around the same amount at any price.
Rather than force lower prices on these types of goods, the government likes to increase taxes on them so we are paying the same, the petroleum producers are getting less, and the government gets more.
With these
The problem with gasoline is that it, like cigarettes has a fairly inelastic supply curve, meaning that people will tend to buy around the same amount at any price.
Rather than force lower prices on these types of goods, the government likes to increase taxes on them so we are paying the same, the petroleum producers are getting less, and the government gets more.
With these
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Originally posted by seege:
It is about time the government institutes a price ceiling on gasoline prices. They just removed the price ceiling for my tuition and car insurance in Alberta (previously post-secondary institutions could only increase tuition by 7.5% per year, and my insurance was not allowed to go over $3100 for minimum coverage).
The problem with gasoline is that it, like cigarettes has a fairly inelastic supply curve, meaning that people will tend to buy around the same amount at any price.
Rather than force lower prices on these types of goods, the government likes to increase taxes on them so we are paying the same, the petroleum producers are getting less, and the government gets more.
With these
It is about time the government institutes a price ceiling on gasoline prices. They just removed the price ceiling for my tuition and car insurance in Alberta (previously post-secondary institutions could only increase tuition by 7.5% per year, and my insurance was not allowed to go over $3100 for minimum coverage).
The problem with gasoline is that it, like cigarettes has a fairly inelastic supply curve, meaning that people will tend to buy around the same amount at any price.
Rather than force lower prices on these types of goods, the government likes to increase taxes on them so we are paying the same, the petroleum producers are getting less, and the government gets more.
With these
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