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Exhibit 3-3 Demand Curves Assume That Consumers Expect the Price

Question 165

Multiple Choice

Exhibit 3-3 Demand curves Exhibit 3-3 Demand curves Assume that consumers expect the price of gasoline to rise sharply in the future. Which of the graphs in Exhibit 3-3 depicts this effect? A) Graph A. B) Graph B. C) Graph C. D) Graph D. Assume that consumers expect the price of gasoline to rise sharply in the future. Which of the graphs in Exhibit 3-3 depicts this effect?


A) Graph A.
B) Graph B.
C) Graph C.
D) Graph D.

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