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Social ScienceIf the price of gasoline rises, when is the price elasticity of demand likely to be the highest? A.immediately after the price increasesB.one month after the price increaseC.three months after the price increaseD.one year after the price increase
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If the price of gasoline rises, the price elasticity of demand is likely to be the highest one year after the increase in price as the price of gasoline rises. People will be able to adjust o...
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Measurements of elasticity
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