In the 1970s,gasoline Shortages Provoked a Considerable Number of Serious

Multiple Choice

In the 1970s,gasoline shortages provoked a considerable number of serious proposals to ration gasoline.Shortages of certain agricultural commodities have NOT provoked such proposals because

A) gasoline is a luxury; food is a necessity.
B) there are more substitutes available for most individual agricultural commodities.
C) there is no substitute for gasoline.
D) gasoline is more price elastic than individual agricultural commodities.
E) agricultural commodities have highly price-elastic demand curves, while the demand for gasoline is perfectly inelastic.