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Holding All Other Forces Constant, When the Price of Gasoline

Question 171

Multiple Choice

Holding all other forces constant, when the price of gasoline rises, the number of gallons of gasoline demanded would fall substantially over a 10-year period because:


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 10-year period
C) buyers tend to be much more sensitive to a change in price when given more time to react
D) none of these answers are correct

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