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Recall that in our example above, total spending on gasoline (which equals total revenues to sellers) rose from $4,000 per day (=1,000 gallons per day times $4.00) to $4037.50 per day (=950 gallons per day times $4.25 per gallon)

Furthermore, the brand Sterling sells its king size cigarettes at an average price of 12.68 per pack (0.63 per cigarette), Embassy sells it for 12.49 (0.62), Mayfairs average price is 12.20 (0.61), and Lambert & Butlers prices averages at 12.17 (0.61)

Website: Gateway: Chan GC, Stjepanovi D, Lim C, Sun T, Shanmuga Anandan A, Connor JP, Gartner C, Hall WD, Leung J

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