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Question: Some counties in California provide a free gallon of gas to drivers who run out of fuel on the freeway. Recently, as the price of gasoline has increased, there has been an increase in the number of drivers deliberately running out of fuel. One tow-truck driver said be expected even more business "when the price of gas is closer to $4 a gallon." What economic concept can explain this phenomenon?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92308756

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