Business, 24.11.2019 12:31 monk68

Consider the following factor and indicate whether it increases or decreases the equilibrium price of gasoline and the equilibrium quantity of gasoline sold. in this problem, assume that gasoline is a normal good.

when the number of sellers decreases, the

choose one:
a. supply curve shifts to the right.
b. demand curve shifts to the right.
c. demand curve shifts to the left.
d. supply curve shifts to the left.

as a result,

choose one:
a. price decreases and quantity decreases.
b. price decreases and quantity increases.
c. price increases and quantity decreases.
d. price increases and quantity increases.

Answers: 1

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Consider the following factor and indicate whether it increases or decreases the equilibrium price o...

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