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For the first hour a car is driven at a constant speed of 90 km/hr. The motor begins to vibrate and the driver reduces the speed to 45 km/hr for another 2 hours. The average speed for the entire trip is
Equilibrium Quantity
The supply of goods or services equals the demand for them at the price where the market is in equilibrium.
Replacement Costs
The cost to replace an asset of a company at the present time, according to its current worth.
Gasoline Prices
The cost per unit of gasoline, influenced by factors such as crude oil prices, taxes, and supply and demand dynamics.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period.
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