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Of the reasons why the demand for gasoline is inelastic is because: Group of answer choices Gasoline is a luxury item. There is usually a

Of the reasons why the demand for gasoline is inelastic is because: Group of answer choices Gasoline is a luxury item. There is usually a great deal of time people have to shop around for lower gas prices. Gas is somewhat of a necessity. The portion of buyer income spent on gasoline is not very high. C and D only

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