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Forecasters at gasoline refineries predict that price of gasoline is likely to decline sharply in the near future. By dragging the supply curve left or
Forecasters at gasoline refineries predict that price of gasoline is likely to decline sharply in the near future. By dragging the supply curve left or right or selecting the quantity supplied, show the effect that this event will have on the gasoline market. You may assume that the gasoline refineries have the ability to store a large quantity of gasoline.
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