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    Principles of Microconomics
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    Exam 5: Elasticity
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    The Price Elasticity of Demand for Gasoline Is -0
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The Price Elasticity of Demand for Gasoline Is -0

Question 61

Question 61

Essay

The price elasticity of demand for gasoline is -0.8. What must occur to the price of gasoline in order for quantity demanded to rise by 20 percent?

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[20]/ [percentage ch...

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