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Essay / Research Paper Abstract
This 3-page paper questions increasing gasoline price's impact on society. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTgassocie.doc
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Unformatted sample text from the term paper:
if the prices continued to skyrocket. And, anyone who studies earnings statements and profits also understands that Exxon-Mobil seems to be benefitting from increasing gas prices, having earned record profits
during Q1 2011. The question were being called upon to answer here is who, or what, will be impacted in this particular situation?
Lets examine this question through the symbolic interaction paradigm. This particular framework argues that individuals are formed, or produced, or react through social interaction with one another or with institutions
(Symbolic Interaction Paradigm, 2011). With this argument, we could assume, off the cuff, that if gas prices continue going up with oil companies such as ExxonMobil continuing to profit, that
individuals are eventually going to get tired of buying expensive gas, and will make their displeasure known by cutting back. This happened during the summer of 2008, when gas prices
soared well above $4 per gallon. But higher gas prices also impacts consumer choices in terms of what kind of cars they want
to drive. Jeihani and Sibdari (2010) in their examination of how prices at the pump impact choices of automobile, did find out that consumers are driven to purchase more fuel-efficient
cars when gas prices increase. The authors also pointed out, however, that there is a definite time lag between rising gas prices and higher demand for fuel-efficient cars (Jeihani and
Sibdari, 2010). In conducting regression modeling, the authors learned that an "up tick in the purchase of fuel-efficient vehicles starts about two years AFTER significant increases in gas price" (Jeihani
and Sibdari, 2010; p. 11). In other words, if what the authors suggest is true, automakers will begin to see a demand for
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