If Gasoline Prices Remain High Long Enough, People Will Arrange

question 253

Multiple Choice

If gasoline prices remain high long enough, people will arrange to do more telecommuting. This would be an example of why the elasticity of:

• A) supply for gasoline is higher in the long run.
• B) supply for gasoline is lower in the long run.
• C) demand for gasoline is higher in the long run.
• D) demand for gasoline is lower in the long run.

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Definitions:

Nutrients

Essential substances that organisms must obtain from their diet to maintain health and support growth and metabolism.

Appendicular Skeleton

The portion of the skeletal system that includes the limbs and the girdles (shoulder bones and pelvic bones) that connect them to the axial skeleton.

Pectoral Girdle

The structure that attaches the arms to the axial skeleton.

Pelvic Girdle

The structure that attaches the legs to the axial skeleton.