1. How would drivers make a rational decision about when to switch from E100 to blended petrol?...

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1. How would drivers make a ‘rational’ decision about when to switch from E100 to blended petrol?

2. How would you work out the cross-price elasticity of demand for blended petrol with respect to a change in the price of ethanol? How does it vary with the actual price of ethanol?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Question Posted: Apr 03, 2019 07:29 AM

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1. How would drivers make a rational decision about when to switch from E100 to blended petrol?...

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1 If they are concerned simply about travelling as cheaply as possible they should look at the price ...View the full answer

Economics

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