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Gas prices fluctuate often and in both directions... how responsive will customers be to the price change when these fluctuations occur due to changes in

Gas prices fluctuate often and in both directions...

how responsive will customers be to the price change when these fluctuations occur due to changes in supply? Why? Use the determinates of elasticity in your answer.

how does the price elasticity of demand for gasoline impact the effectiveness of taxes on gasoline aimed at correcting a negative externality?

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