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The Price of a Litre of Gasoline Increases 10% This

Question 41

Multiple Choice

The price of a litre of gasoline increases 10% this year.As a result,which event is MOST likely to occur?


A) More people will drive their cars.
B) Public transportation usage will decrease.
C) Gasoline expenditures will increase if gasoline is an inelastic good.
D) Fewer people will ride bicycles,a substitute for car travel.

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