Principles of economic, What effect should each of the following have on the demand for gasoline

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What effect should each of the following have on the demand for gasoline in a competitive market?  State what happens to demand.  Explain your reasoning in each case and relate it to a demand determinant.

 

 

 

a.       an increase in the number of cars

 

b.      the economy moves into a recession

 

c.       an increase in the price of car insurance, taxes, maintenance

 

d.      consumer expectations of substantial price increases in gasoline

 

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