How did the price system work in the Oil Crisis of 1978-80?

| February 15, 2014

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Project: The following are the guidelines for special project work.
1. You will prepare a three page report on one of the subject matters indicated below.
2. The paper must cover three full pages using Ariel Font, single space, 1 inch margins all around and Font Size 12. Do not place paper in fancy covers or folders.
Topics:
B. How did the price system work in the Oil Crisis of 1978-80?
Try to include as many concepts learned in class such as:
Opportunity Cost
Changes in Demand and Supply
Price Elasticity of Demand
Economic growth
Production Costs
Marginal productivity
Marginal costs
Monopoly
Oligopoly
Monopolistic Competition
All footnotes and references will be submitted on a separate sheet of paper and not at the bottom of each page.
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