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Because Drivers Expect the Price on Saturdays Will Be Higher

question 12

True/False

Because drivers expect the price on Saturdays will be higher, they increase the quantity demanded of gasoline on Fridays.


Definitions:

Violation

The act of disregarding or breaking a law, agreement, or rule, resulting in possible legal penalties or consequences.

Manufacturer

A person or company that makes goods for sale, especially on a large scale through the use of machines.

National Cooperative Research Act

U.S. legislation that encourages collaborative research and development among businesses by providing certain antitrust protections.

Joint Research

Collaborative investigative efforts undertaken by two or more parties to achieve a common goal or to further their knowledge in a specific area.

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