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Effects of Oil Regulation on Prices and Quantities: A Qualitative Analysis

机译:石油调控对价格和数量的影响:定性分析

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Effects of federal oil regulations on the markets for crude oil and its refined products are examined. The directions in which prices and quantities are altered by these regulations are determined by a qualitative economic analysis. Comparisons are made between the price and output decisions of the present markets and those decisions in the absence of these regulations. The general conclusion is that the oil regulations as a whole lead to generally lower prices and higher utilization of crude oil and refined products. (ERA citation 04:048124)

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