At the beginning of this year, daily consumption of gasoline in the
US amounted to 344 million gallons. It is estimated that for every 10%
increase in the price of gasoline, quantity demanded falls by 1.9%. By the end of this year, the price of gasoline is expected to increase by 40 cents from $2.90 per gallon.
Based on this information, what is the expected quantity demanded (QD) for gasoline at the end of this year? Please specify your answer to one decimal place.
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