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Return 2 12 points Due to gasoline prices increasing by 23%, quantity demanded of gasoline has declined from 369,000,000 to 363,236,589 gallons per day 1.

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Return 2 12 points Due to gasoline prices increasing by 23%, quantity demanded of gasoline has declined from 369,000,000 to 363,236,589 gallons per day 1. Calculate the appropriate elasticity. 2. Interpret the elasticity. 3. Classify demand for gasoline. 4. What has happened to consumer expenditures for gasoline? Paragraph SBP BIU A- I EX3 XX, 12pt

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