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    The Price Elasticity of Demand for Gasoline Is 0
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The Price Elasticity of Demand for Gasoline Is 0

Question 113

Question 113

Essay

The price elasticity of demand for gasoline is 0.5 and the price elasticity of supply of gasoline is 1.5.If the demand for gasoline falls by 10%,what will happen to the price of gasoline?

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percentage change in price = [...

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