Describe both law of demand law of supply regarding price, Microeconomics

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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?

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

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