Multiple Choice
Holding all other forces constant,when the price of gasoline rises,why would the number of litres of gasoline demanded fall substantially over a 10-year period
A) Buyers tend to be much less sensitive to a change in price when given more time to react.
B) Buyers will have substantially more income over a ten-year period.
C) Buyers tend to be much more sensitive to a change in price when given more time to react.
D) Gasoline has no substitutes.
Correct Answer:

Verified
Correct Answer:
Verified
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