You Are the Manager of a Gas Station and Your

question 16

Multiple Choice

You are the manager of a gas station and your goal is to maximize profits.Based on your past experience,the elasticity of demand by Ohioans for a car wash is −3,while the elasticity of demand by non-Ohioans for a car wash is −1.5.If you charge Ohioans $9 for a car wash,how much should you charge a man with a Kentucky license plate for a car wash?

• A) $6
• B) $15
• C) $18
• D) $9

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Definitions:

Black Couples

Refers to pairs or partnerships where both individuals identify as Black or African American, often studied within the context of societal, cultural, and economic dynamics.

Interracial Marriage

A marriage between partners who belong to different racial groups.

Biracial Children

Children whose parents are of two different races, often facing unique cultural and social integration challenges.

Societal Attitudes

The prevailing sentiments, beliefs, or viewpoints held by a community or society towards various topics or groups, which can influence social norms and policies.