lectur14-page56

lectur14-page56 - First: Are we asking how consumers will...

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56 An Example: Demand for Gasoline If the price of gas increases from $1.20 per gallon to $2.20 per gallon, how will consumers respond?
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Unformatted text preview: First: Are we asking how consumers will respond over the next day, week, month, year, etc....
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