Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
insherro insherro
wrote...
Go to Answer
Posts: 671
Rep: 5 0
7 years ago
If the consumer has a great deal of time to adjust to an increase in the price of gasoline, which of the following is correct?
A) Quantity demanded will be relatively sensitive to the change in price.
B) The percentage change in quantity demanded will be quite small relative to the percentage change in price.
C) The percentage change in price will be quite large relative to the percentage change in quantity demanded.
D) Demand will tend to be unitary elastic as it is for most goods in the long run.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 192 times
1 Reply
University of Ottawa - Economics for Managers
Replies
Answer verified by a subject expert
toogootoogoo
wrote...
#1
Top Poster
Posts: 529
Rep: 15 0
7 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

insherro Author
wrote...

7 years ago
Good timing, thanks!
KaylenePig
wrote...

Yesterday
Thanks for your help!!
Fleury
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1228 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 518
  
 265
  
 646
Your Opinion
Which country would you like to visit for its food?
Votes: 204
Previous poll results: Where do you get your textbooks?