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Business, 06.07.2021 17:50 lil8174

Now, consider demand for the gasoline sold by Gas Station G in a large city. The gasoline sold by other stations is an excellent substitute for the gasoline sold by Station G. Because there are many good substitutes for gasoline, its demand is probably elastic. i. If the price at Gas Station G rises by 10%, by what percentage is its quantity sold likely to change, other things being the same

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