The immediate effect of gasoline price increases in the aftermath of the Persian Gulf crisis in August
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The immediate effect of gasoline price increases in the aftermath of the Persian Gulf crisis in August 1990 on gasoline consumption was not very significant. Would you expect the consumption of gasoline to be more severely affected if these higher prices remained in effect for a year or more? Why or why not?
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Managerial Economics Economic Tools For Today's Decision Makers
ISBN: 9780131860155
7th Global Edition
Authors: Paul G Keat, Philip K Y Young
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