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The following events occur one at a time: (i) The price of crude oil rises. (ii) The price of a car rises. (iii) All speed

The following events occur one at a time:

(i) The price of crude oil rises.

(ii) The price of a car rises.

(iii) All speed limits on highways are abolished.

(iv) Robots cut car production costs.

Explain the effect of each of these events on the market for gasoline - Demand, supply, equilibrium price and equilibrium quantity

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