The demand for gasoline is likely to be more inelastic than the demand for sushi.

Name: The demand for gasoline is likely to be more inelastic than the demand for sushi.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Gasoline is a necessity for many people, especially those who rely on cars for transportation, making its demand less sensitive to price changes. In contrast, sushi is a luxury good for many, making its demand more sensitive to price changes, hence more elastic.

The Demand for Gasoline Is Likely to Be More Inelastic