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Celia Buys 24 Gallons of Gasoline Per Month When the Price

Question 75

Multiple Choice

Celia buys 24 gallons of gasoline per month when the price is $2 per gallon,but only 16 gallons if the price rises to $3 per gallon.Within this range,her demand for gasoline is


A) unitary elastic
B) perfectly inelastic
C) perfectly elastic
D) inelastic
E) elastic

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