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Supply and Demand Effects in California Energy
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Economic Theories research papers
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A 5 page paper discussing supply and demand as well as price elasticity in electric power in
California. At the time of writing, wholesale prices for electricity in California have increased in
exponential proportion but suppliers have not gained approval for passing those increases to
consumers. As a result, many consumers believe that the shortage is artificial and have not yet
reacted by altering their consumption. The paper discusses the likely progression of events that
will occur when price increases reach the consumer. Includes a supply and demand curve and a
budget line diagram. Bibliography lists 2 sources.
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Pages:
5
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Filename:CC6_KSelecEcon.wps |
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Paper Title:
Supply and Demand Effects in California Energy
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