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as d ory 4. The price of gas rose from $2.15 per gallon to $2.27 per gallon. As a result, quantity demand went from 500

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as d ory 4. The price of gas rose from $2.15 per gallon to $2.27 per gallon. As a result, quantity demand went from 500 gallons per week to 495 gallons per week. a. Calculate the percentage change in price b. Calculate the percentage change in quantity demanded c. Calculate the elasticity of demand 0.185 d. Is it elastic, inelastic, or unit elastic? e. Why might gas have this type of elasticity of demand

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