Would we expect gasoline inelasticity to differ between

Reference no: EM133422829

Question: Consider that although the demand for gasoline is generally inelastic, the demand for gasoline from any single gas station, or chain of gas stations, is highly elastic. Buyers can choose between comparable products based on price. Would we expect gasoline inelasticity to differ between short-term vs long-term price fluctuations? Why or why not?

Reference no: EM133422829

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