To begin with it would mean our supply curve is sloped exactly the opposite as we learned in Econo 101. It also implies as very low prices – say $1 corn – we would be producing enormous amounts of corn. This is nonsense. Suggesting producers grow …
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Gruver, Sparks: While it would be difficult … But the reason is that BGE of course knew about the rate caps and locked in its wholesale electric supplies for the long term in 2000. Like the household rate caps, those contracts expired July 1.
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