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The demand for gasoline is likely to be more inelastic than the demand for sushi.

trancy

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5 years ago

The demand for gasoline is likely to be more inelastic than the demand for sushi.

Question 1.

Demand is more inelastic for an item which is a luxury as compared to an item which is a necessity.

▸ true

▸ false

Question 2.

The demand for gasoline is likely to be more inelastic than the demand for sushi.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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kamronet

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More solutions for this book are available here

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trancy Author

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5 years ago

Thanks for your help!!

annakc

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Thank you, thank you, thank you!

prime7105

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2 hours ago

this is exactly what I needed

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