Business, 11.10.2019 01:10 jessicaisbaehood

The price of gasoline rises 5% and the quantity of gasoline purchased falls 1%. the price elasticity of demand is equal to and demand is described as a. 0.2; inelastic d. 5; inelastic b. 0.2; elastic e. 5; elastic c. 1; unit elastic

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The price of gasoline rises 5% and the quantity of gasoline purchased falls 1%. the price elasticity...