Business
Business, 14.07.2019 19:30, bjdlesain

In december 2014, the average price of gasoline in the united states was $2.50 per gallon and consumers bought 7 percent more gasoline than they had during april 2014, when the average price was $3.60 per gallon. based on these numbers, what was the price elasticity of demand for gasoline from april 2014 to december 2014? a.-0.02 b.-0.19 c.-1.01 d.-2.26

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In december 2014, the average price of gasoline in the united states was $2.50 per gallon and consum...

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