Question: Why have gas prices risen this year? Because Joe Biden was elected president (hint: This is the wrong answer) Because either the demand for gas

  1. Why have gas prices risen this year?

  1. Because Joe Biden was elected president (hint: This is the wrong answer)
  2. Because either the demand for gas has increased and/or supply has decreased.
  3. Because either quantity demanded has increased and/or quantity supply has decreased.
  4. Because of price floors imposed on this market.

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