Multiple Choice
In the article on SUV sales
A) SUV sales are very responsive to gasoline,which is a substitute good to SUVs.
B) SUV sales did not respond all that much to a rise in gasoline prices,indicating that demand is inelastic for SUVs.
C) Gasoline and SUVs are complementary goods,and when the price of gasoline rose,the demand for SUVs fell.
Correct Answer:
Verified
Correct Answer:
Verified
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