In May 2010, the price of gasoline was 99.6 cents per litre. By May 2011, the price

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In May 2010, the price of gasoline was 99.6 cents per litre. By May 2011, the price had increased to 132 cents per litre. Assume that there were no changes in average income, population, or any other influence on buying plans. Explain how the rise in the price of gasoline would affect
a. The demand for gasoline.
b. The quantity of gasoline demanded.
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