Suppose the price elasticity of demand for gasoline is 0.7 and the price elasticity of demand for plane tickets is 1.8. We would say that the demand for gasoline is ________ and the demand for plane...

Suppose the price elasticity of demand for gasoline is 0.7 and the price elasticity of demand for plane tickets is 1.8. We would say that the demand for gasoline is ________ and the demand for plane tickets is ________.

Question 10 options:

	elastic; inelastic
	inelastic; elastic
	inelastic; inelastic
	elastic; elastic

Jun 10, 2022

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Suppose the price elasticity of demand for gasoline is 0.7 and the price elasticity of demand for plane tickets is 1.8. We would say that the demand for gasoline is ________ and the demand for plane...

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