Multiple Choice
Which of these factors is MOST likely to increase the price elasticity of demand for plug-in electric cars?
A) decrease in the price of gasoline
B) significant decrease in the price of plug-in electric cars
C) reduction in the time needed to make a decision on a car purchase
D) increase in the number of car companies producing plug-in electric cars
Correct Answer:
Verified
Correct Answer:
Verified
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