If the average price of gasoline is $3.25 per gallon in your town, and gasoline is a
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If the average price of gasoline is $3.25 per gallon in your town, and gasoline is a perfectly competitive market, explain what might happen and why in your town if the price of gas dropped to $0.50 overnight? What if it jumped up to $10 per gallon overnight?
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Here is an explanation of what might happen and why if the price of gas dropped to 050 or jumped up to 10 per gallon overnight in your town If the pri...View the full answer
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Branice Buyengo Ajevi
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