If the Price of Citgo Gasoline Increases by 10% and the Quantity

question 213

Multiple Choice

If the price of Citgo gasoline increases by 10% and the quantity demanded decreases by 20%, then the demand for gasoline is

• A) inelastic.
• B) elastic.
• C) unitary elastic.
• D) a perfect substitute.

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Definitions:

Coccyx

The small, triangular bone at the base of the spinal column in humans, composed of three to five fused vertebrae.

Sacral Hiatus

An opening at the end of the sacral canal in the vertebral column, through which nerves and membranes can pass.

Superior Articular Facet

A part of a vertebra that connects with an adjacent vertebra above it, facilitating spinal movement and support.

Median Sacral Crest

A ridge of bone on the posterior surface of the sacrum, formed by the fusion of the spinous processes of the sacral vertebrae.