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Economics
QID: #7655
Subject: Economics
Status: Verified Solution Available
If the price of gasoline rises, buyers will probably
A. spend more on gasoline since the supply for gasoline is probably elastic.
B. spend less on gasoline since the supply for gasoline is probably inelastic.
C. spend more on gasoline since the demand for gasoline is probably inelastic.
D. spend less on gasoline since the demand for gasoline is probably elastic.
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