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Solve , if possible.
Demand for Gasoline
The consumer's desire and willingness to pay for gasoline, influenced by its price, consumer income, and the prices of substitutes and complements.
Inelastic Demand
A market condition in which the demand for a product does not change significantly when its price increases or decreases.
Necessity
A requirement or an indispensable item essential for survival or the functioning of a system.
Price of the Product
The financial cost of acquiring a good or service.
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