Certeris Paribus, If More Alternative Forms of Energy Become Available

question 76

Multiple Choice

Certeris paribus, if more alternative forms of energy become available, we would expect the demand for gasoline to become:

• A)more elastic.
• B)more inelastic.
• C)perfectly elastic.
• D)perfectly inelastic.

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Definitions:

Psychographics

The study and classification of people according to their attitudes, aspirations, and other psychological criteria, often used in marketing to understand consumer behavior.

VALS System

Stands for Values, Attitudes, and Lifestyles system; it is a proprietary research methodology used for psychographic market segmentation and research.

VALS Typology

A classification system that segments consumers based on their values, attitudes, and lifestyles to predict behavior.

Makers

Makers are individuals or groups engaged in the creation or manufacture of goods, often emphasizing handcrafted and uniquely designed products.