Describe both law of demand law of supply regarding price


Question: Describe both "Law of Demand" & "Law of Supply" regarding price changes relative to the substitution and income effect? In your response, describe how a simultaneous increase in the gasoline tax and a decrease in the income tax affect gasoline consumption? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Macroeconomics: Describe both law of demand law of supply regarding price
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