*4.4 Gasoline is typically less expensive in the United States than across the border in Canada, but...

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*4.4 Gasoline is typically less expensive in the United States than across the border in Canada, but now suppose that the U.S. gasoline price rises above that in Canada due to a change in taxes. How would the gasoline-purchasing behavior of a person who lives equally close to gas stations in both countries change? Answer using an indifference curve and budget line diagram.

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Managerial Economics And Strategy

ISBN: 9780135640944

2nd Global Edition

Authors: Jeffrey M. Perloff, James A. Brander

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