Ceteris paribus, if more alternative forms of energy become available, we would expect the demand for gasoline to become:

A. more elastic.
B. more inelastic.
C. perfectly elastic.
D. perfectly inelastic.


Answer: A

Economics

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A decrease in a wage taxes causes the opportunity cost of leisure to increase.

Answer the following statement true (T) or false (F)

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Just after a cyclical trough, given the excess capacity in the economy, there should be an unusually ________ rate of closing the gap between desired and actual capital stocks, making net investment respond relatively ________ to rising sales

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