A 10 percent increase in gasoline prices reduces gasoline consumption by about: 0 percent after one year
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Question:
A 10 percent increase in gasoline prices reduces gasoline consumption by about:
0 percent after one year and 1 percent after five years.
10 percent after one year and 20 percent after five years.
6 percent after one year and 2.5 percent after five years.
2.5 percent after one year and 6 percent after five years.
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