The Change in the Quantity Demanded of Gas Because of Increasing

question 133

Multiple Choice

The change in the quantity demanded of gas because of increasing gas prices over the last decade:

• A) was more elastic than it has been in the last six months.
• B) was less elastic than it has been in the last six months.
• C) has been relatively the same over both time periods.
• D) has become a non-issue for people now that they are used to higher gas prices.

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