Social Studies, 17.10.2019 22:00 LillyPrince

Suppose you have one hour to catch a flight to miami for spring break, and it takes 45 minutes to drive to the airport. your car is almost out of gas and the price of gas at the closest gas station is higher than at other gas stations that are much farther away. to you, the price elasticity of demand for gas is likely to be than it would be if you had several hours before the flight.

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Suppose you have one hour to catch a flight to miami for spring break, and it takes 45 minutes to dr...

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