Top Posters
Since Sunday
G
4
K
3
m
2
c
2
r
2
p
2
s
2
s
2
b
2
c
2
R
2
c
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Sublight2097 Sublight2097
wrote...
Go to Answer
Posts: 4132
Rep: 15 0
9 years ago
"A doubling of the price of gasoline in the 1970s did not reduce consumption one iota." The person making the above claim evidently thinks the demand for gasoline is
A) completely elastic.
B) completely inelastic.
C) greater than the supply.
D) less than the supply.
E) unit elastic.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 403 times
3 Replies
Replies
Answer verified by a subject expert
DropxDropx
wrote...
#1
Top Poster
Posts: 1991
Rep: 225 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Sublight2097 Author
wrote...
#2
8 years ago
Seriously, you've been tremendously helpful! Thank you.
wrote...
#3
8 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  942 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 245
  
 261
  
 228
Your Opinion
Do you believe in global warming?
Votes: 423
Previous poll results: Do you trust social media networks with protecting your privacy?