True or False (explain why) 1. In the market for gasoline, the reason that the equilibrium quantity increased was that the increase in demand was less than the decrease in supply.
True or False (explain why) 1. In the market for gasoline, the reason that the equilibrium quantity increased was that the increase in demand was less than the decrease in supply.
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 3.4P
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True or False (explain why)
1. In the market for gasoline, the reason that the equilibrium quantity
increased was that the increase in demand was less than the decrease
in supply.
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