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Two driversKenji and Luciaeach drive up to a gas station. Before looking at the price, each places an order. Kenji says, I'd like 10 gallons
Two driversKenji and Luciaeach drive up to a gas station. Before looking at the price, each places an order. Kenji says, "I'd like 10 gallons of gas." Lucia says, "I'd like $10 worth of gas." Which of the following statements is correct?
Check all that apply.
Kenji's price elasticity of demand is 1.
Lucia's price elasticity of demand is 1.
Lucia's price elasticity of demand is 0.
Kenji's price elasticity of demand is 0.
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