Question
It is being reported in the news that gasoline prices may reach $4-$5 a gallon by the end of 2011. The longer households have to
It is being reported in the news that gasoline prices may reach $4-$5 a gallon by the end of 2011. The longer households have to adjust to this price change, the ____ the demand curve becomes.
Vertical
Flatter
Steeper
The demand curve will not change over time.
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Introductory Econometrics A Modern Approach
Authors: Jeffrey M. Wooldridge
4th edition
978-0324581621, 324581629, 324660545, 978-0324660548
