One Reason Why the Demand for Gasoline Is Inelastic Is

question 308

Multiple Choice

One reason why the demand for gasoline is inelastic is because

• A) substitutes for gas abound.
• B) substitutes for gas are hard to find.
• C) gasoline is a luxury item.
• D) people have a long time to shop around for automobiles that use less gas.
• E) buses run on diesel fuel rather than gasoline.

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