Business, 21.02.2020 22:01 rosieposie27

On April 1, the price of gas at Bob’s Corner Station was $3.80 per gallon. On May 1, the price was $4.30 per gallon. On June 1, it was back down to $3.80 per gallon. Between April 1 and May 1, Bob’s price increased by$0.50 , or13.16% . Between May 1 and June 1, Bob’s price decreased by$0.50 , or13.16% . Suppose that at a gas station across the street, prices are always 20% higher than Bob’s. In absolute dollar terms, the difference between Bob’s prices and the prices across the street is when gas costs $4.30 than when gas costs $3.80. Some economists blame high commodity prices (including the price of gas) on interest rates being too low. Suppose the Fed raises the target for th

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On April 1, the price of gas at Bob’s Corner Station was $3.80 per gallon. On May 1, the price was $...

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