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Consider the market for suvs if the price of gasoline

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

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Business Management: Consider the market for suvs if the price of gasoline

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Business Management: Consider the market for suvs if the price of gasoline

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