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If the Price Elasticity of Demand for Gasoline Is 0

Question 428

Multiple Choice

If the price elasticity of demand for gasoline is 0.8 and the price elasticity of demand for plane tickets is 2.2 then the demand for gasoline is ________ and the demand for plane tickets is ________.


A) elastic; inelastic
B) inelastic; elastic
C) elastic; elastic
D) inelastic; inelastic

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