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    Exam 3: The Concept of Elasticity and Consumer and Producer Surplus
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    The Elasticity of Demand for Gasoline Is Likely to Be
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The Elasticity of Demand for Gasoline Is Likely to Be

Question 64

Question 64

Multiple Choice

The elasticity of demand for gasoline is likely to be


A) small, but grow as time goes by.
B) small and shrink as time goes by.
C) large and grow as time goes by.
D) large and shrink as time goes by.

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