The Demand for Gasoline Should Be

question 10

Multiple Choice

The demand for gasoline should be

• A)less elastic in the long run than in the short run.
• B)more elastic in the long run than in the short run.
• C)equally elastic in the long run as in the short run.
• D)perfectly inelastic in the long run and perfectly elastic in the short run.
• E)unit elastic in both the long run and the short run.

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