NerdySansX9172 NerdySansX9172

17-12-2022
Business

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in september 2012, the average price of gasoline in the united states was $3.91 per gallon and consumers bought 5 percent less gasoline than they had during september 2011, when the average price was $3.66 per gallon. based on these numbers, what was the price elasticity of demand for gasoline from september 2011 to september 2012?

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