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The Discussion Board Forum should be considered as weekly short essay. In order to receive full credit, answer every question according to the instructions provided on DB rubric. You need to read the textbook and understand the concepts before you answer the questions. It is mandatory that you use proper economic language or concepts such as demand, supply, elasticity, etc. on you posting. Additional research is required and strongly encouraged. Make sure to cite the source of your research using APA format and list it at the end of your posting. Using graphs and charts is strongly encouraged. Module 2 Discussion Use concepts on Module 2 to answer the following: What is the cost of regular unleaded fuel in your town? What are some contributing demand and supply factors to the differences in fuel prices around the coun Think of an externality in your community Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?
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t is difficult to buy ticket in popular event because supply is limited that is the number of ticket the organizer can sell and demand is much more due to the popularity of the show.Due to higher demand ticket price is raised because elasticity of demand for such services which can be called as luxury goods are greater than 1. In this situation law of demand does not fit because quantity of demand does not decrease with increase in price.

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