Demand determinant what effect should each of the following

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What effect should each of the following have on the demand for gasoline in a competitive market? State what happens to demand. Explain your reasoning in each case and relate it to a demand determinant. (a) an increase in the number of cars (b) the economy moves into a recession (c) an increase in the price of car insurance, taxes, maintenance (d) consumer expectations of substantial price increases in gasoline

Reference no: EM13479117

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