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26-02-2019
Business

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there is one gas station in a small rural town. the owner of the station claims that he will sell the same quantity of gas, no matter how high or low the price. If he is correct in this assertion, what must be true about the demand curve for gas at his station?

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26-02-2019

It will be vertical, because the quantity demanded (x axis) will stay the same regardless of the increase or decrease in price on the y axis.

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