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Use the Following to Answer Question(s): Demand and Supply of Gasoline

Question 72

Multiple Choice

Use the following to answer question(s) : Demand and Supply of Gasoline
Use the following to answer question(s) : Demand and Supply of Gasoline -(Exhibit: Demand and Supply of Gasoline) Given the initial equilibrium of S₁ and D, any price lower than _____________ will create pressure for the price to ________ . A) $2.00; fall B) $2.50; rise C) $3.00; rise D) none of the above are true
-(Exhibit: Demand and Supply of Gasoline) Given the initial equilibrium of S₁ and D, any price lower than _____________ will create pressure for the price to ________ .


A) $2.00; fall
B) $2.50; rise
C) $3.00; rise
D) none of the above are true

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