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In the Late 1970s,Canadians Bought Smaller Cars That Used Less

Question 150

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In the late 1970s,Canadians bought smaller cars that used less gasoline.We can conclude that consumers were responding to the fact that


A) the nominal price of gasoline had risen.
B) the nominal price of gasoline had fallen.
C) the nominal price of gasoline was unchanged.
D) the average price of gasoline had risen.
E) the nominal price of gasoline had risen much more rapidly than the average rate of increase for other nominal prices.

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