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Author Question: During the 1970s, OPEC's output restrictions caused gasoline prices to increase sharply. ... (Read 75 times)

allihubbard

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on: Oct 12, 2022
During the 1970s, OPEC's output restrictions caused gasoline prices to increase sharply. Coincidentally, demand for gas-guzzling cars fell. A likely explanation for these observations is that gasoline and cars had a(n) ________ elasticity of demand that was ________.
◦ income; negative
◦ cross; negative
◦ income; positive
◦ cross; positive
◦ price; negative
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by allihubbard on Oct 12, 2022

studyforce.com

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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allihubbard

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

robbielu01

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Reply 3 on: Yesterday
:D TYSM

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