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Due to gasoline prices increasing by 23%, quantity demanded of gasoline has decined from 369,000.000 to 363,236,589 gallons per day. 1 Calculate the appropriate

Due to gasoline prices increasing by 23%, quantity demanded of gasoline has decined from 369,000.000 to 363,236,589 gallons per day. 1 Calculate the appropriate elasticity 2. Interpret the elasticity. 3, Classify demand for gasoline. 4. What has happened to consumer expenditures for gasoline?

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