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ECO - Gasoline sells for $4.00 per gallon this year

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Question;Gasoline sells for $4.00 per gallon this year, and it sold for $3.00 per gallon last year. But consumers bought more gasoline this year than they did last year.This is clear proof that the economic theory that people buy less when the price rises is incorrect do you agree? Explain

 

Paper#56383 | Written in 18-Jul-2015

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