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If the price of gasoline increases from $4 to $4.50, ceteris paribus : a/ the demand curve for gasoline will shift to the right. b/
If the price of gasoline increases from $4 to $4.50,ceteris paribus:
a/ the demand curve for gasoline will shift to the right.
b/ the demand curve for gasoline will shift to the left.
c/ people will buy less gasoline
d/ people will buy more gasoline.
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