5. Suppose that the price of gasoline rises sharply. What do you
think would happen to...
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Economics
5. Suppose that the price of gasoline rises sharply. What do youthink would happen to the demand for smaller, more efficient cars?For leisure goods (like above ground pools)? For employment in thetourism industry? For goods that are trucked in from out of state?For energy sources other than gasoline? For oil drilling companies?For firewood?
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Answer 5 Suppose that the price of gasoline rises sharply What do you think would happen to the demand for smaller more efficient cars For leisure goods like above ground pools For employment in the tourism industry For goods that are trucked in from out of state For energy sources other than gasoline For oil drilling companies For firewood When the price of gasoline increases sharply then the demand for large cars such as SUV which have less mileage decrease
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