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Consider Sam and Linda both drive a relatively inefficient sport utility vehicle (SUV). Sam has a lease that will expire in three years whereas Linda owns her sport utility vehicle. If the price of gasoline increased by fifty percent, which of these statements is most likely true? A. Sam will have a less elastic response than Linda. B. Sam will have a more elastic response than Linda. C. Sam and Linda will have identically elastic responses. D. We do not have enough information to answer. Consumers will always pay the entire amount of a specific tax whenever A. supply is perfectly elastic. B. demand is perfectly inelastic. C. Both A and B above. D. Either A or B above but not at the same time. A consumer buys food (F) and shelter (S). If the consumer's income rises and there is no change in the prices of F or S, the marginal rate of transformation of F for S will A. stay the same. B. decrease. C. increase. D. change, but there is not enough information to know how