Gas stations can price the products that they sell in their convenience store a little bit higher because
A) these products are usually complements to the gas sales and the demand for gas is inelastic
B) these products are usually complements to the gas sales and the demand for gas is elastic
C) these products are usually substitutes to the gas sales and the demand for gas is inelastic
D) these products are usually substitutes to the gas sales and the demand for gas is elastic
Correct Answer:
Verified
Q41: In general,the larger the price elasticity:
A)the smaller
Q42: If the quantity demanded of good x
Q43: Amber's Ambrosia's share of the delicacy market
Q44: The demand for Nike shoes is _
Q45: As the number of substitutes for a
Q47: Ingrid's Ice cream Parlor has an own
Q48: A gas station opened up on the
Q49: The demand for insulin is typically_ than
Q50: Which of the following is false?
A)Products with
Q51: A price elasticity of demand of -0.67
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents