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Other Fields Homework Help Economics Topic started by: elbthwtkns01 on Jul 22, 2019



Title: Recall the Application regarding the elasticity of demand for gasoline varying over time to answer ...
Post by: elbthwtkns01 on Jul 22, 2019
Recall the Application regarding the elasticity of demand for gasoline varying over time to answer the following question(s).


According to the Application, the demand for gasoline is:

▸ inelastic in the long run and in the short run.

▸ less elastic in the long run because consumers have less opportunity to change their behavior.

▸ more elastic in the long run because consumers have time to respond to changes in price.

▸ elastic in the short run.


Title: Recall the Application regarding the elasticity of demand for gasoline varying over time to answer ...
Post by: johnsyke on Jul 22, 2019
more elastic in the long run because consumers have time to respond to changes in price.


Title: Recall the Application regarding the elasticity of demand for gasoline varying over time to answer ...
Post by: elbthwtkns01 on Jul 22, 2019
Appreciate the effort, thank you!