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Author Question: If the price of gasoline fell from 2.95 to 2.85 per gallon, your expenditure on gasoline would ... (Read 128 times)

tichca

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on: Jun 29, 2018
If the price of gasoline fell from 2.95 to 2.85 per gallon, your expenditure on gasoline would increase if your price elasticity of demand for gasoline equals
 
  A) 1.1.
  B) 1.0.
  C) 0.9.
  D) Total revenue would increase at all of the above elasticities.

Question 2

In the United States, of the following decades inflation was highest during the ________.,
 
  A) 1970s
  B) 1990s
  C) 1960s
  D) 2000s
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Dominic

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tichca

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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