Question
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.5, and a typical gasoline retailer enjoys sales
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.5, and a typical gasoline retailer enjoys sales of $1,300,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product?
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Econometric Evaluation Of Socio-Economic Programs Theory And Applications
Authors: Giovanni Cerulli
1st Edition
3662464055, 9783662464052
