To Say That Gasoline Has a Low Price Elasticity of Demand

question 132

Multiple Choice

To say that gasoline has a low price elasticity of demand is to say the quantity demanded of gasoline

• A)has a relatively flat demand curve.
• B)has a horizontal demand curve.
• C)is not sensitive to changes in gasoline prices.
• D)is very sensitive to changes in gasoline prices.
• E)is very sensitive to changes in consumer income.

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