(6)The overall demand for gasoline in the U.S. is price inelastic.This means that when gasoline prices in the U.S. rise by, say, 10%, then gasoline purchases will decline by an amount less than 10%, say, 4%.It also means that gasoline stations will earn more total sales revenue.How do you square this information with the statements made by the owner of the Shell Station at 49^th and Hampton Boulevard in Norfolk that "I would get killed" if I raised my price per gallon very much at all above the price being charged bythe 7-11 at 26^th Street and Hampton Boulevard.He seems to be saying the demand he faces is rather elastic --- meaning that a price increase would lower his total sales revenue.Explain what's going on here.How can demand be both inelastic and elastic at the same time?