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    Macroeconomics Study Set 40
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    Exam 3: Demand and Supply
  5. Question
    If the Price of Crude Oil Falls, the Equilibrium Price
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If the Price of Crude Oil Falls, the Equilibrium Price

Question 236

Question 236

Multiple Choice

If the price of crude oil falls, the equilibrium price of gasoline and the equilibrium quantity .


A) falls; increases
B) rises; decreases
C) falls; decreases
D) rises; increases

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