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cyanfly142Lv1
11 Dec 2019
Gasoline prices increase by 50 percent and other things remain the same. As a result, there is:
A) an increase in the demand for gasoline.
B) a decrease in the demand for gasoline.
C) no change in the quantity of gasoline demanded.
D) a decrease in the quantity of gasoline demanded.
E) More information is needed to determine if the demand for gasoline increases or decreases.
Gasoline prices increase by 50 percent and other things remain the same. As a result, there is:
A) an increase in the demand for gasoline.
B) a decrease in the demand for gasoline.
C) no change in the quantity of gasoline demanded.
D) a decrease in the quantity of gasoline demanded.
E) More information is needed to determine if the demand for gasoline increases or decreases.
Sonal BahlLv10
9 Dec 2020