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Refer to the graphs shown. Assume the graph reflects demand in the automobile market. Which arrow best captures the impact of increased gasoline prices on the automobile market?
Principal
A principal is a person or entity for whom another acts as an agent. In business contexts, it can also refer to the main party to a transaction who has the rights and responsibilities from the agreement.
Subrogation
The legal right for an insurer or third party to pursue a legal right or a claim against a wrongdoer on behalf of the insured party.
Expenditures
The act of spending or disbursing money, often related to business or government transactions.
Substantial Control
Significant influence or decision-making power over the management and operational policies of an entity, typically through ownership, contractual agreements, or other means.
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