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The switch to the use of ethanol in gasoline is driven primarily by its relatively lower price. Assuming a competitive market, what effect would this

The switch to the use of ethanol in gasoline is driven primarily by its relatively lower price. Assuming a competitive market, what effect would this change have on the equilibrium price and output for gasoline?

Group of answer choices:

A Price rises, output rises.

B Price falls, output falls.

C Price rises, output falls.

D Price falls, output rises.

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