Learning Activity #7: Price of Gas Response

Objective 4:

Analyze the role of supply and demand in the market process.
Prices obviously influence our buying, as our financial resources are limited. If prices on one item go up, the ability to buy a

different product will be reduced. While some prices affect the willingness of a consumer to buy the product, the demand for other

products are not as affected by the price of the product.

Learning Activity #7: Price of Gas Response

Keep a list of the price of gasoline at your local gas station for each day of the current week. Lawton, Oklahoma.

Provide a 1-2 page essay on the fluctuation in price. Include your price chart as a figure or appendix to the paper. The paper rubric

applies to this paper and requires two references.