Suppose the Quantity of Gasoline Is Measured in Gallons and the Price

question 161

Multiple Choice

Suppose the quantity of gasoline is measured in gallons and the price of gasoline is measured in dollars. The price elasticity of demand is 0.67. If the price of gasoline was now measured in cents rather than dollars, the price elasticity of demand would now be

• A) 0.0067.
• B) 0.67.
• C) 6.7.
• D) 67.0.

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Definitions:

Competitive Games

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Offenses involving force or the threat of force against persons, including murder, assault, robbery, and rape.

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The long-term rise in Earth's average surface temperature, primarily due to human activities such as burning fossil fuels, which adds heat-trapping gases to the atmosphere.

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