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Assume we are analyzing the demand cars. What impact would a rise in gas prices have on the demand curve for cars? Question 1 options:
Assume we are analyzing the demand cars. What impact would a rise in gas prices have on the demand curve for cars? Question 1 options: The demand for cars would decrease because gas is the price of a substitute good. The demand for cars would increase because gas is the price of a complementary good. The demand for cars would decrease because gas is the price of a complementary good. The demand for cars would increase because gas is the price of a substitute good. The quantity demanded of cars would decline as we move up along the demand curve for cars
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