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Price of gasoline increases

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Reference no: EM131194857

Consider the market for SUVs. If the price of gasoline increases by 150 percent we would expect the equilibrium price of SUVs to _____ and the equilibrium quantity to _____.

Select one:

a. increase; increaseb. decrease; decrease

c. increase; decrease

d. decrease; increase

Reference no: EM131194857

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