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Chucks demand for gasoline on monday

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Reference no: EM131480257

Chuck drives past the same gas station every day. He realizes that the gas station always changes its prices on Tuesdays but keeps the price steady the rest of the week. On Saturday, Chuck turns on the news and hears a report projecting that the price of gasoline is going to increase. Holding all else constant, what do you think would happen to Chucks demand for gasoline on Monday?

Reference no: EM131480257

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