The Price Elasticity of Demand for Gasoline Measures the

question 167

Multiple Choice

The price elasticity of demand for gasoline measures the

• A) responsiveness of gasoline producers to changes in the quality of gasoline.
• B) responsiveness of customers to changes in the price of gasoline.
• C) responsiveness of consumer preferences to changes in the quality of gasoline.
• D) both a and c above.

---

Definitions:

Webcast

Broadcasting of live or recorded video content over the internet to viewers around the world.

Wiki

A type of website that allows anyone visiting the site to change its content by adding, removing, or editing the content.

Project Management

The practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at a specified time.

Internet Backbone

The principal data routes between interconnected computers and networks on the Internet.