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The price of petrol increases. Big cars use a lot of petrol. Small cars only use a little petrol. Draw what happens to the price
The price of petrol increases. Big cars use a lot of petrol. Small cars only use a little petrol. Draw what happens to the price and demand of big cars.
Based on chapter 4 of Principles of Macroeconomics (Eighth edition) N. Gregory Mankiw.
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