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Citgo Petroleum Corporation's frequent filler programs awards 2 free gallons of gasoline after the purchase of 10 gallons. A gallon costs $3.00.
Given that information, evaluate the following statement: Citgo would have the same effect on demand by eliminating their frequent filler programs and simply lowering the gas prices to $2.50.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9691685

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