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Explain how you would calculate the price of elasticity of demand for gasoline. Nov 2018 Price per gallon: $2.79 Gallons sold: 12,500 Nov 2019 Price

  1. Explain how you would calculate the price of elasticity of demand for gasoline.

Nov 2018

Price per gallon: $2.79

Gallons sold: 12,500

Nov 2019

Price per gallon: $2.24

Gallons sold: 14,250

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