The resulting change in the quantity of gas demanded of increasing prices over the last decade:
A)has been more elastic than it has been in the last six months.
B)has been less elastic than it has been in the last six months.
C)has been relatively the same over that time period.
D)has become a non-issue for people now that they are used to high gas prices.

Question

Quizplus · Accepted Answer

The correct answer is A because the question asks about the change in the quantity of gas demanded over the last decade, and the answer choice A states that the change has been more elastic than it has been in the last six months.

The Resulting Change in the Quantity of Gas Demanded of Increasing