When Joe’s Gas raises its price for regular unleaded gasoline, total revenue from regular unleaded gas falls to zero. It must be the case that
When Joe’s Gas raises its price for regular unleaded gasoline, total revenue from regular unleaded gas falls to zero. It must be the case that
A.the demand for Joe’s regular unleaded is inelastic.
B.the demand for Joe’s regular unleaded gasoline is perfectly elastic.
C.consumers are switching to premium grades of gasoline.
D.there are not many good substitutes for Joe’s regular unleaded gasoline.
正确答案：the demand for Joe’s regular unleaded gasoline is perfectly elastic.
Tag：微观经济学 中国大学MOOC微观经济学
时间：2021-12-11 14:38:02
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