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Question 1 Read the 4 pages (from page 199 to 202) provided and explain the price fluctuation of energy over time In the early 1970, the runup of energy prices was in fact of a political phenomenon It is not connected with scarcity factors This problem led to very important amounts of energy conservation Users tent to save reduce their energy consumption By 1990, the real prices of some important items such as gasoline had declined to pre 1970s levels but few people still gave much thought to en.

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