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Wednesday 21 January 2015

Unit 3: UK Gas Prices...we said it would happen!

Scottish Power has become the third major gas supplier to announce a price cut, with the news it is to reduce prices by 4.8% from 20 February.  Click here for full article.

Lots of excellent economics for Unit 3, including kinked demand curve theory, regulatory power (have the gas companies gone far enough), oligopoly behaviour etc

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