Solution-Price elasticity of demand for gasoline

Price elasticity of demand for gasoline

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Reference no: EM131405584

The price elasticity of demand for gasoline is estimated by some researchers to be -0.02. Approximately, what percentage change in the price of gasoline induces an increase of 1% in its consumption?

Reference no: EM131405584

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Price elasticity of demand for gasoline : The price elasticity of demand for gasoline is estimated by some researchers to be -0.02. Approximately, what percentage change in the price of gasoline induces an increase of 1% in its consumption?

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Price elasticity of demand for gasoline

Reference no: EM131405584

Reference no: EM131405584

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