1. Why are the demand and supply of gas relatively inelastic with respect to price? (100 words or fewer)
2. Why are the long-run elasticities of demand and supply of gas likely to be greater than the short-run elasticities?(110words or fewer)
3. Identify ways in which governments can protect people from rising energy bills. (150 words or fewer)
4. Assess these different methods in terms of (a) targeting help to those most in need; (b) economic efficiency. (150words or fewer)
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