Business, 03.07.2019 02:10 jackchelly

Answers 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 2.30%. by the end of this year, the price of gasoline is expected to increase by 40 cents from $2.80 per gallon. based on this information, what is the expected quantity demanded for gasoline at the end of this year? specify your answer to one decimal place.

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Answers at the beginning of this year, daily consumption of gasoline in the us amounted to 344 milli...

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