yonatanbesrat91 yonatanbesrat91

26-05-2018
Social Studies

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According to the law of supply and demand which of the following would likely occur if the supply of gasoline decreased but the demand remained the same? A.PRICES WOULD DROP B.PRICES WOULD INCREASE C.USAGE WOULD DROP. D.USAGE WOULD INCREASE

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TheBusinessMan TheBusinessMan

26-05-2018

B) Prices would increase. If the supply drops but the demand does not change, people will be willing to pay more (and the company can charge more).

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