The demand for _______ is relatively inelastic.

Name: The demand for _______ is relatively inelastic.
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Question

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The demand for gasoline in the short run is relatively inelastic. This is because people still need gasoline to fuel their vehicles and cannot quickly switch to alternatives when the price of gasoline increases. However, in the long run, people may choose to purchase more fuel-efficient cars, use public transportation, or relocate closer to their workplace, making the demand for gasoline more elastic.

The Demand for _______ Is Relatively Inelastic