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Using supply-and-demand diagrams, show the effect(s) of the following events on the market equilibrium for gasoline. -Expectations of a war in the Middle East that
Using supply-and-demand diagrams, show the effect(s) of the following events on the market equilibrium for gasoline.
-Expectations of a war in the Middle East that will involve the oil producing countries.
- A larger interest in electric cars.
- A decrease in the input costs for gasoline.
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