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The price of gasoline, an input into providing air travel services, increases. The equilibrium quantity is expected to ____ and the equilibrium price is expected
The price of gasoline, an input into providing air travel services, increases. The equilibrium quantity is expected to ____ and the equilibrium price is expected to ____ as a result of the above scenario. Group of answer choices decrease; increase increase; decrease increase; increase decrease; decrease
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
