menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Survey of Economics Principles
  4. Exam
    Exam 4: Elasticity: A Measure of Responsiveness
  5. Question
    Ceteris Paribus, If More Alternative Forms of Energy Become Available
Solved

Ceteris Paribus, If More Alternative Forms of Energy Become Available

Question 204

Question 204

Multiple Choice

Ceteris paribus, if more alternative forms of energy become available, we would expect the demand for gasoline to become


A) more elastic.
B) more inelastic.
C) perfectly elastic.
D) perfectly inelastic.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q199: The price elasticity of supply is calculated

Q200: If supply decreases, the increase in price

Q201: Suppose that in a month the price

Q202: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6799/.jpg" alt=" Figure 4.3 -In

Q203: If butter and margarine are substitutes, then

Q205: What happens to total revenue associated with

Q206: The supply curve will be more inelastic

Q207: Suppose that the price elasticity of demand

Q208: Which of the following statements is CORRECT

Q209: If the quantity supplied is perfectly inelastic

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines