The Demand for Gasoline in the Short Run Is

question 179

Multiple Choice

The demand for gasoline in the short run is

• A) elastic because people can easily switch to public transportation.
• B) perfectly inelastic because people have no choice but to buy gasoline.
• C) unit-elastic because people tend to consume a stable amount of gasoline per period.
• D) inelastic because there are no good substitutes for gasoline.

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Definitions:

Promotional Messages

Communications designed to inform, persuade, or remind consumers about a product, service, or brand.

Selling Feature

A distinctive characteristic or benefit of a product or service that makes it appealing to potential buyers.

Integrated Graphic Card

A graphics processing unit (GPU) that is built into the motherboard or CPU, typically used in computers for basic tasks rather than high-end gaming or video editing.

Logical Appeal

The use of reasoning, logic, or facts to persuade an audience during an argument or persuasive communication.