Respuesta :
The demand for ExxonMobil gasoline is more price elastic than the
market demand for gasoline in general.
What is ExxonMobil gasoline?
ExxonMobil Corporation[a] (abbreviated Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas.
It is the largest direct descendant of John D. Rockefeller's Standard Oil and was formed on November 30, 1999, by the merger of Exxon (formerly the Standard Oil Company of New Jersey) and
Mobil (formerly the Standard Oil Company of New York).
Exxon, Mobil, Esso, and ExxonMobil Chemical, which manufacture plastic, synthetic rubber, and other chemical products, are the company's primary brands.
ExxonMobil is based in New Jersey.
Vacuum Oil Company was ExxonMobil's earliest corporate ancestor, though Standard Oil was its largest ancestor prior to its breakup.
The company that exists today was formed by the merger of the Standard Oil Company of New Jersey (Jersey Standard, later Exxon) and the Standard Oil Company of New York (Socony, later Mobil), each of which grew larger by acquiring other companies such as Humble Oil (which merged with Exxon) (merged with Mobil).
The merger agreement stipulated that Exxon would be the surviving entity following the merger.
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