Recall the Application Regarding the Elasticity of Demand for Gasoline

question 87

Multiple Choice

Recall the Application regarding the elasticity of demand for gasoline varying over time to answer the following question(s) .
-Recall the Application.In the short run,consumers have little time to respond to changes in the price of gasoline,and therefore the demand for gasoline is ________ in the short run compared to the long run.

• A) more elastic
• B) perfectly inelastic
• C) unit elastic
• D) less elastic

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Increases in strength, durability, or intensity of an object, material, or concept.

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