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What is the expected demand for gasoline at the end of this

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At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for every 10% increase in the price of gasoline, the demand for gasoline reduces by 2.00%. By the end of this year, the price of gasoline is expected to increase by 40 cents from $2.80 per gallon. Based on this information, what is the expected demand for gasoline at the end of this year? Please specify your answer to one decimal place.

Reference no: EM13317935

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