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Papers On Economics And Economic Theory
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Garzarelli's Edge, The Sequel (Article Review)
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This 3 page paper examines the article Garzarelli's Edge, The Sequel, which evaluates Elaine Garzarelli's true abilities and how she markets her services. Garzarelli is well known for predicting the 1987 market crash. No additional sources cited.
Filename: SA741G.rtf

Gas Price Elasticity
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A 5 page paper discussing gas price elasticity in light of the record-breaking prices of the summer of 2000. A product of high elasticity is one that exhibits significant response to the laws of supply and demand. Unfortunately, gasoline is not one of those products. Consumers may change travel plans when prices exceed $1.50 a gallon, but gas is seen as a necessity for everything but vacation. Although alternatives are slowly becoming available, few exist in 2000. In addition, gas purchases account for only a small fraction of available income. If any or all of these conditions were different, then gas would be a more elastic product. For the present, it remains a product of low price elasticity of demand. Bibliography lists 7 sources.
Filename: KSgasPrice.wps

Gas Rationing
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This 6 page paper discusses what might happen if the U.S. Congress devised a means by which American consumers would have to ration their gasoline. Bibliography lists 4 sources.
Filename: HVGasRat.rtf

Gasoline Prices Change and a Reflection of Supply and Demand
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This 4 page paper takes a newspaper article about increasing gasoline process in Michigan and examines this from the perspective of supply and demand. The underlying economic concepts are explained and applied to the price movement in the gas prices, the movements are illustrated with the use of 2 supply and demand graphs. The bibliography cites 4 sources.
Filename: TEgas2006.rtf

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