Suppose there is news that indicates gasoline supplies might suddenly become disrupted by a truckers union strike. What you expect would happen to the demand for gasoline in the present? How might consumers change their behavior and why? What impact would this news have on the price of gasoline immediately? Would it matter whether the news story was accurate?
You may be familiar with the poignant phrase, “Work smarter, not harder.” Now, this could mean plenty of different things,…
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