Ask Question
Today, 17:44

32. Holding all other forces constant, when the price ofgasoline rises, the number of gallons of gasoline demanded wouldfall substantially over a ten-year period because

a. buyers tend to be much less sensitive to a change in pricewhen given more time to react.

b. buyers tend to be much more sensitive to a change in pricewhen given more time to react.

c. buyers will have substantially more income over a ten-yearperiod.

d. the quantity supplied of gasoline increases very little inresponse to an increase in the price of gasoline.

+5
Answers (1)
  1. Today, 17:51
    0
    buyers tend to be much less sensitive to a change in price when given more time to react.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “32. Holding all other forces constant, when the price ofgasoline rises, the number of gallons of gasoline demanded wouldfall substantially ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers