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A sudden and sharp increase in gas prices will have what impact on the market for the following (be sure to discuss both supply and demand):

  1. Large gas guzzling vehicles.
  2. Small fuel-efficient cars.
  3. Research on alternative fuels.
  4. Other price products that use oil such as plastic or vinyl products.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M92080451
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