7
answers
0
watching
93
views
9 Oct 2018
34) Suppose the quantity of gasoline demanded decreases from 105,000 litres per week to 95,000 litres per week when the price rises by 5 percent. The price elasticity of demand for gasoline A) is 2.0. B) is 10. C) is inelastic. D) is 0.5. E) cannot be computed unless we know the original price and the new price.
34) Suppose the quantity of gasoline demanded decreases from 105,000 litres per week to 95,000 litres per week when the price rises by 5 percent. The price elasticity of demand for gasoline A) is 2.0. B) is 10. C) is inelastic. D) is 0.5. E) cannot be computed unless we know the original price and the new price.
akunuru639Lv10
28 May 2023
larryrambo777Lv10
19 Mar 2023
Already have an account? Log in
Nelly StrackeLv2
10 Oct 2018
Already have an account? Log in