Question
The price elasticity demand for gasoline is general inelastic, however, as time goes by the price elasticity if demand for gasoline is more elastic. Why
The price elasticity demand for gasoline is general inelastic, however, as time goes by the price elasticity if demand for gasoline is more elastic. Why do you think as times goes by, the elasticity for gasoline tend to be more elastic?
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Macroeconomics Canada in the Global Environment
Authors: Michael Parkin, Robin Bade
8th edition
321778103, 978-0321808370, 321808371, 978-0321778109
