The public utilities commission in a state lifts price controls on the sale of natural gas to
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The public utilities commission in a state lifts price controls on the sale of natural gas to manufacturing plants and allows utilities to charge market prices (which are 30 percent higher). What conditions would minimize the extent of manufacturing job loss associated with this price increase?
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Economic theory suggests that the increase in the price of a key input such as natural gas would increase the cost of production for manufacturers pot...View the full answer
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Related Book For 
Modern Labor Economics Theory And Public Policy
ISBN: 9780132540643
11th Edition
Authors: Ronald Ehrenberg, Robert Smith
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