Demand determinant what effect should each of the following

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What effect should each of the following have on the demand for gasoline in a competitive market? State what happens to demand. Explain your reasoning in each case and relate it to a demand determinant. <br/> <br/> (a) an increase in the number of cars <br/> (b) the economy moves into a recession <br/> (c) an increase in the price of car insurance, taxes, maintenance <br/> (d) consumer expectations of substantial price increases in gasoline <br/>

Reference no: EM13479117

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