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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: kormac who wrote (142730)12/19/2010 9:22:49 AM
From: MIRU   of 206209
 
Re elasticity in gasoline supply/demand, 6% makes sense due to the difficulty in finding alternatives. The rule of thumb in most commodities (I have read) is a 10% increase in demand will double the price.
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