You own a gas station and are thinking about raising prices because your cost of the gasoline has increased.You are worried that if you raise the price,the quantity of gasoline purchased by your customers will decrease,thereby lowering your total revenues.Analyze this situation.

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The Answer of You own a gas station and are thinking about raising prices because your cost of the gasoline has increased.You are worried that if you raise the price,the quantity of gasoline purchased by your customers will decrease,thereby lowering your total revenues.Analyze this situation.

You Own a Gas Station and Are Thinking About Raising