Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 4 - Demand, Supply, and Market Equilibrium - Exercises - 4.6 Predicting and Explaining Market Changes - Page 95: 6.6c

Answer

The quantity of gasoline sold decreased.

Work Step by Step

When the equilibrium quantity and price change in opposite directions it is because of a change in supply.
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