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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 3
The discovery of a large new reserve of crude oil will shift the ________ curve for gasoline, leading to a ________ equilibrium price.
A) supply, higher
B) supply, lower
C) demand, higher
D) demand, lower
A) supply, higher
B) supply, lower
C) demand, higher
D) demand, lower
Explanation
Verified
Verified
Supply refers to the desire and ability ...
Essentials of Economics 7th Edition by Gregory Mankiw
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