Question 2: The owner of a small chain of gasoline stations 1n a large Midwestern town read an article 1n a trade publication stating that the own price elasticity of demand for gasoline in the United states 1s -0.2. Because of this highly inelastic demand 1n the United states, he 1s thinking about raising prices to increase revenues and profits. Do you recommend this strategy based on the information he has obtained? Explain