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Title: In a recent article in USA Today, the price of gasoline rose over the past year from $3.50 to $4.00, ... Post by: miks on Mar 17, 2019 In a recent article in USA Today, the price of gasoline rose over the past year from $3.50 to $4.00, a price hike of about 14.29 percent. Gasoline consumption over the past year declined by 10 percent. So, on the basis of this article, we can conclude that • The own-price elasticity for gasoline is -1. • The own-price elasticity for gasoline is nearly -0.70 • The own-price elasticity for gasoline is roughly -1.43. • Can't tell; insufficient information. Title: In a recent article in USA Today, the price of gasoline rose over the past year from $3.50 to $4.00, ... Post by: Nashua on Mar 17, 2019 Content hidden
Title: In a recent article in USA Today, the price of gasoline rose over the past year from $3.50 to $4.00, ... Post by: miks on Mar 17, 2019 Thanks
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