bgrate4672 bgrate4672

15-03-2024
Business

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Gasoline has been used by many households and producers. Which of the following is true about the demand for gasoline?
a) The demand for gasoline is perfectly elastic
b) The demand for gasoline is completely independent of its price
c) The demand for gasoline tends to be inelastic in the short run
d) The demand for gasoline decreases linearly with its price

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