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Gasoline has an inelastic demand curve. If supply were to decrease because of a hurricane in Texas, we would see Prices change a little and
Gasoline has an inelastic demand curve. If supply were to decrease because of a hurricane in Texas, we would see Prices change a little and quantity sold change a little "Prices change a little, but quantity sold change a lot" Prices change a lot and quantity sold change a lot "Prices change a lot, but quantity sold change a little" QUESTION 8 One of the problems with fiscal policy is Deficits Inflation The zero lower bound The multiplier QUESTION 9 The gains from trade are O The consumer surplus plus the producer profits The consumer surplus minus the producer profits Revenue minus costs Profits minus costs
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