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    Exam 3: Where Prices Come From: the Interaction of Demand and Supply
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    Figure 3-1 -If the Price of Automobiles Was to Increase, Then
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Figure 3-1 -If the Price of Automobiles Was to Increase, Then

Question 117

Question 117

Multiple Choice

Figure 3-1 Figure 3-1   -If the price of automobiles was to increase, then A)  the demand for gasoline would decrease. B)  the demand for gasoline would increase. C)  the supply of gasoline would increase. D)  the quantity demanded of gasoline would decrease.
-If the price of automobiles was to increase, then


A) the demand for gasoline would decrease.
B) the demand for gasoline would increase.
C) the supply of gasoline would increase.
D) the quantity demanded of gasoline would decrease.

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