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The demand for large vehicles declines when there is a sharp increase in the price of gasoline because demand for large vehicles is blank? elastic
The demand for large vehicles declines when there is a sharp increase in the price of gasoline because demand for large vehicles is blank? elastic and does respond to price changes inelastic and does respond to price changes elastic and does not respond to price changes inelastic and does not respond to price changes
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Managerial Economics
Authors: Mark Hirschey
12th edition
9780324584844, 324588860, 324584849, 978-0324588866
