Business, 01.11.2019 04:31 perezsamantha3oqr0za

If the price of oil increases significantly, buyers and sellers of gasoline will both expect the price of gasoline to also increase. if sellers of gasoline act on their expectations more than the buyers do, then: a. the equilibrium price of gasoline will increase while the equilibrium quantity will decrease. b. the equilibrium price of gasoline will increase while the equilibrium quantity will increase. c. the equilibrium price of gasoline will decrease while the equilibrium quantity will decrease. d. the equilibrium price of gasoline will decrease while the equilibrium quantity will increase.

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