Please provide answers no need long explanation just a simple one. Consider the market for gas-guzzling cars, if the price of gasoline falls. Change in market equilibrium price:   Increase Decrease Did not Change Indeterminate   Change in market equilibrium quantity:   Increase Decrease Din not change Indeteminate   Change in Demand:   Increase Decrease Din not change Indeteminate   Change in Supply:   Increase Decrease Din not change Indeteminate

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
Section: Chapter Questions
Problem 1SCQ: Review Figure 3.4. Suppose the price of gasoline is 1.60 per gallon. Is the quantity demanded higher...
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Please provide answers no need long explanation just a simple one.

Consider the market for gas-guzzling cars, if the price of gasoline falls.

Change in market equilibrium price:
 
Increase
Decrease
Did not Change
Indeterminate
 
Change in market equilibrium quantity:
 
Increase
Decrease
Din not change
Indeteminate
 
Change in Demand:
 
Increase
Decrease
Din not change
Indeteminate
 
Change in Supply:
 
Increase
Decrease
Din not change
Indeteminate
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