At the beginning of 2014 theprice of gasoline in Baton Rougewas about $3.25 per gallon. By the end of the year the price had fallen to about $2.00 per gallon.

For this discussion, please create a thread about your personal price elasticity of demand for gasoline which answers the following questions: what is the current price of gasoline and how many gallons of gasoline do you currently buy per month? How many gallons would you buy next month and how would your behavior change if the price fell by $1.25 per gallon? Also, based on that information, what is your price elasticity of demand for gasoline? Be sure to show how you calculated your price elasticity of demand.