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MarketwindshieldsGasolineSheet 1 Fill in the tables in the next three exercises. Draw new curves on the graphs to aid you. Showthe initial effects predicted by
MarketwindshieldsGasolineSheetFill in the tables in the next three exercises. Draw new curves on the graphs to aid you. Showthe initial effects predicted by the hypotheses of the indicated event on the markets. Forchanges in demand and supply, meaning shifts in the curves that lead to new equilibriumprice and quantity, use or to show increases or decreases; for no change, use OEventToyota GM and Fordplan to increaseproduction due tohigher demand expectations.One of the majorrefineries in theGulf in the USis shut down forrepairs due to fire.Government permitrequirements fordrilling for oil onfederal land in theU.S is laxed.PricePricePriceQDQDSQuantityQSDQsDQuantityDQuantity
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