question archive Using your knowledge of elasticity, why is gasoline inelastic in the short-term but elastic in the long-term? Explain why automobiles tend to have the opposite effect, being elastic in the short-term but inelastic in the long-term
Subject:EconomicsPrice:2.88 Bought3
Using your knowledge of elasticity, why is gasoline inelastic in the short-term but elastic in the long-term? Explain why automobiles tend to have the opposite effect, being elastic in the short-term but inelastic in the long-term. Be sure to give detailed responses.
Purchased 3 times