One Reason Why the Demand for Gasoline Is Inelastic Is

question 308

Multiple Choice

One reason why the demand for gasoline is inelastic is because

• A) substitutes for gas abound.
• B) substitutes for gas are hard to find.
• C) gasoline is a luxury item.
• D) people have a long time to shop around for automobiles that use less gas.
• E) buses run on diesel fuel rather than gasoline.

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Definitions:

Independent

Free from outside control; not depending on another's authority.

Avoiding Style

A conflict resolution approach where individuals deliberately evade addressing an issue or engaging in confrontation.

Alcoholics

Individuals who suffer from alcoholism, a chronic disorder characterized by uncontrolled consumption of alcohol despite its negative effects on their health, social, and economic status.

Drug Addicts

Individuals who have developed a physical or psychological dependence on substances that are detrimental to their health and well-being.