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The Demand for Petrol Is Perfectly Inelastic Because Most People

question 178

True/False

The demand for petrol is perfectly inelastic because most people need petrol to drive their cars.


Definitions:

Overcoming Obstacles

The process or act of resolving or navigating through challenges, difficulties, or barriers in one's path.

Determined

Having a firm decision or being resolute in purpose.

Stress

A physical, mental, or emotional factor that causes bodily or mental tension, often due to adverse or demanding circumstances.

Sources Of Conflict

The underlying reasons or causes that lead to disagreements or disputes between individuals or groups, often rooted in differences in values, beliefs, or interests.

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