If Layla purchases the same number of gallons of gasoline per week regardless of changes in gasoline

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Question:

If Layla purchases the same number of gallons of gasoline per week regardless of changes in gasoline price, Layla's demand for gasoline is:

perfectly elastic.

elastic.

perfectly inelastic.

inelastic.

Related Book For answer-question

Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Posted Date: Feb 13, 2024 09:39 AM

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If Layla purchases the same number of gallons of gasoline per week regardless of changes in gasoline

Question:

Expert Answer:

Laylas demand for gasoline is perfectly inelastic This is because her demand for gasoline doe... View the full answer

Intermediate Microeconomics

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