Solved: Supply and demand affecting the current price of gasoline, Microeconomics

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Supply and demand affecting the current price of gasoline

Question 1. Describe the main factors (supply and demand) affecting the current price of gasoline. Include at least two supply and two demand.

Question 2. Discuss at least two costs and two benefits of increasing the minimum wage. Should the minimum wage be increased?

Please answer questions having a maximum of 250 to 300 words describing your position on the issue and supporting it with evidence.

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Microeconomics: Supply and demand affecting the current price of gasoline

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