dalechloe1280 dalechloe1280

16-02-2024
Business

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If the price of crude oil, an input into gasoline production, increases and the number of people who own cars falls, the equilibrium price of gasoline will:
a) increase, and the equili...
a) increase, and the equilibrium quantity of gasoline will decrease
b) decrease, and the equilibrium quantity of gasoline will decrease
c) increase, and the equilibrium quantity of gasoline will increase
d) decrease, and the equilibrium quantity of gasoline will increase

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