Celia buys 24 gallons of gasoline per month when the price is $2 per gallon, but only 16 gallons if the price rises to $3 per gallon. Within this range, her demand for gasoline is

a. unitary elastic
b. perfectly inelastic
c. perfectly elastic
d. inelastic
e. elastic


A

Economics

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A model (or theory):

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The following include several reasons that government might give for using a tariff on imports? Which is not valid, in the sense that the effect described will not happen.

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Economics

Discriminatory trade practices are allowed among sister WTO member countries, especially when it comes to

A) the use of child labor in agricultural and textile/apparel products. B) national security and special benefits given to other members of a free trade area. C) the protection of agriculture and textile/apparel from open trade. D) environmental protection.

Economics