Business, 01.11.2019 07:31 rajenkins79

Consider the markets for bp supreme-grade gasoline, all bp grades of gasoline, and all gasoline.
for which of these three markets will demand be most elastic?
demand will be most elastic for
a. all bp grades of gasoline, then for bp supreme-grade gasoline, and then for all gasoline.
b. bp supreme-grade gasoline, then for all bp grades of gasoline. and then for all gasoline
c. all gasoline, then for bp supreme-grade gasoline, and then for all bp grades of gasoline.
d. bp supreme-grade gasoline. then for all gasoline. and then for all bp grades of gasoline.
e. all gasoline then for all bp grades of gasoline and then for bp supreme-grade gasoline

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Consider the markets for bp supreme-grade gasoline, all bp grades of gasoline, and all gasoline.

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