Business, 15.02.2021 20:30 wolfsaway

At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for every 10% increase in the price of gasoline, quantity demanded falls by 2.5%. By the end of this year, the price of gasoline is expected to increase by 40 cents from $ 3.10 per gallon. Based on this information, what is the expected quantity demanded (QD) for gasoline at the end of this year

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