Two drivers, Thelma and Louise, each drive up to a gas station. Before looking at the price,
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Two drivers, Thelma and Louise, each drive up to a gas station. Before looking at the price, each places an order. Thelma says, “I’d like 5 gallons of gas.” Louise says, “I’d like $20 worth of gas.” What is each driver’s price elasticity of demand?
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Thelmas price elasticity of demand is zero because she wants ...View the full answer
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