Word: cent
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...several recent studies have concluded that demand for gas has become more responsive to changes in price in the short run. There is a growing consensus that, in the long run, gas price increases will be reflected by almost proportional drops in consumption--that is, a 40-per-cent price rise would lead to roughly 40 per cent less gas consumed...
While a gas excise tax is regressive, the cut in the sharply regressive Social Security tax would free disposable income for lower income groups to compensate. If implemented, the 50-cent tax would pose a severe incremental increase in the price of a gallon of gas, a figure which would encourage wasteful drivers to consider available substitutes or contingencies, such as mass transit or carpooling. In addition, the 50-50 plan might have the indirect effect of revitalizing urban areas by presenting a disincentive to forsake the city for the suburb, thus increasing urban tax bases...
Gasoline prices have more than doubled since 1973 and Americans have yet to cut down on their driving. One poll of business executives showed that if gasoline reached $2 a gallon, they still would not curtail their driving. Economists predict that even if gasoline prices increase 300 per cent between 1980 and 2000, per capita auto ownership will go up 43 per cent and automobile miles travelled will increase 35 per cent...
...rationing has worked before, and it can work again. From 1942-1944, rationing resulted in a 50-per-cent drop in consumption of gasoline and fuel...
...determining factor of the match was Harvard's erratic shooting. The hoopsters stayed dead-even with Princeton on total rebounds, turnovers, and assists. But they could not find the basket as they shot an unimpressive 22 per cent from the floor, slumping to only 15 per cent for the second half. The Tigers shot 52 per cent from the floor, a statistic which tells the whole story...