Why does the price of gasoline frequently change? Explain. Why did crude oil prices fluctuate in 1998-2018? Why are the gas prices falling in late 2015? Why is the petrol rate increasing? Explain the reasons for increase gasoline price. Why is there a drop in gas prices? Does an improve...
Why will an increase in the price of a product reduce the amount of it purchased? Explain why the market price may not be the same as the equilibrium price. Why is the market demand curve downward sloping? Why does an increase in the price of goods and services trigger a decrease in de...
It must be admitted that the NDRC has cut down oil prices this time, though it is very small, it has taken care of the public's call for a reduction in oil prices, and has not strictly handled the existing oil pricing mechanism rigorously. Unfortunately, the public does not seem to app...
So – why does the oil market fluctuate so much and why is gas so expensive? How gas is priced According to the US Department of Energy, 67% of your tank of gas is the oil itself. The rest is refining (12%), distribution/marketing (9%), and taxes (12%). Pricing of oil is don...
Avian influenza is also a big factor causing a spike in egg prices. When an outbreak does occur, poultry farmers can suffer major losses, or their entire operation shut down. If this happens a lot, like it did this past year, it can cause the price of eggs to skyrocket. Often without...
Unfortunately for drivers, we often see the highest gas prices during the summer, starting around Memorial Day. In May 2022, U.S. consumers paid an average of $1.50 per gallon more than they were at the same time in 2021, according to AAA.
Why does the cost of airline tickets fluctuate? The cost of an airline ticket, no matter how reasonable or unreasonable it seems, is always more than just the price of the -seat- itself. Price consists of a number of possible factors: Base fare Taxes and airport fees Fuel surcharge Service...
Why is the Consumer Price Index important? Despite a consumer-based economy, why inflation rate in US is so low? Despite savings based economy why the inflation rate in India is so high? Why does the substitution bias cause the c...
Thesupply of chocolatedrivers tends to be the stronger influencer of chocolate’s price volatility. Many commodities are used to manufacture chocolate, and the key ingredient is cocoa. Others such as sugar, dairy products, nuts, corn sweeteners and energy (natural gas and fuel oil) are also nec...
Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly. ...