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Jerry drives up to a gas station.Before looking at the price, he places an order and says, I'd like $10 of gas.What is Jerry's price
Jerry drives up to a gas station.Before looking at the price, he places an order and says, "I'd like $10 of gas."What is Jerry's price elasticity of demand (in absolute value)?
a.0
b.0.5
c.1
d.Infinity (i.e., perfectly elastic)
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