Mathematics, 21.04.2020 01:22 irlrisottonero
In December 2014, the average price of gasoline in the United States was $2.50 per gallon and consumers bought 7 percent more gasoline than they had during April 2014, when the average price was $3.60 per gallon. Based on these numbers, what was the price elasticity of demand for gasoline from April 2014 to December 2014, the Demand for gasoline was?
Answers: 2
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In December 2014, the average price of gasoline in the United States was $2.50 per gallon and consum...
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