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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
If gasoline prices rise by 20% and quantity demanded falls by 5%, then the price elasticity of demand for gasoline is:
A) inelastic.
B) elastic.
C) unit elastic.
D) perfectly inelastic.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
8 years ago
Thanks for the feedback Slight Smile
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