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Business, 28.11.2019 01:31 dnjames01

Two gas stations stand on opposite sides of the road: rutter's farm store and sheetz gas station. rutter's doesn't even have to look across the highway to know when sheetz changes its price for a gallon of gas. when sheetz raises the price, rutter's pumps are busy. when sheetz lowers prices, there's not a car in sight. both gas stations survive but each has no control over the price. source: the mining journal, may 24, 2008 describe the elasticity of demand that each of these gas stations faces. each of these gas stations faces a demand that is

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Two gas stations stand on opposite sides of the road: rutter's farm store and sheetz gas station. r...
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