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Satsume Satsume
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6 years ago
The price elasticity of gasoline supply in the U.S. is 0.4.  If the price of gasoline rises by 8%, what is the expected change in the quantity of gasoline supplied in the U.S.?
A) +3.2%
B) -3.2%
C) +32.0%
D) +0.32%
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Microeconomics

Microeconomics


Edition: 8th
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oracledarrenoracledarren
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#1
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6 years ago
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