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sinerus sinerus
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6 years ago
Recall the application. The demand for gasoline is
A) more elastic in the long run because consumers have time to respond to changes in price.
B) inelastic in the long run and in the short run.
C) less elastic in the long run because consumers have less opportunity to change their behavior.
D) elastic in the short run.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
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Lightman030Lightman030
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6 years ago
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