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As High Gasoline Prices Persisted into the First Part of 2011,consumers

Question 42

Multiple Choice

As high gasoline prices persisted into the first part of 2011,consumers began driving less and using public transportation more.Over time,this caused the demand curve for gasoline to become ________ and the quantity of gasoline demanded to ________.


A) more elastic, rise
B) more elastic; fall
C) less elastic; rise
D) less elastic; fall

Correct Answer:

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