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F57ECB5F-B4D2-4725-B47D-1A17CA54DE81.jpeg 16. Review the following gure. Suppose the price of gasoline is $1.60 per gallon. What would happen to the quantity demanded? What would happen

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16. Review the following gure. Suppose the price of gasoline is $1.60 per gallon. What would happen to the quantity demanded? What would happen to the quantity supplied? Is the market in equilibrium, a shortage, or a surplus? _ nun-s I I l i 3-1 H: I .-! NI \"mm 1 \\ E l n 1.11:: \"IMF:- I. 51 2a '- \"3"- W I\

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