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Nata [24]
4 years ago
9

Two drivers, walt and jessie, each drive up to a gas station. before looking at the price, each places an order. walt says, "i'd

like 10 gallons of gas." jessie says, "i'd like $10 worth of gas." what is each driver's price elasticity of demand
Business
1 answer:
koban [17]4 years ago
8 0
In the question above, Walt asks for 10 gallons of gas while Jessie asks for $10 worth of gas. In both the cases, the drivers need gas but Walt is concerned about the quantity of gas and Jessie is concerned about the price of the gas.
In case of Walt, the price elasticity of demand is zero because he want 10 gallons of gas regardless of the price of gas per gallon. While in case of Jessie, the price elasticity of demand is one because he wants to buy gas worth $10, no matter what is the price of the gas per gallon.
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Answer:

the correct option is A) According to Levitt, Technology drives the world toward a converging commonalty.

Explanation:

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Answer:

The term personal financial statement refers to a document or spreadsheet that outlines an individual's financial position at a given point in time. The statement typically includes general information about the individual, such as name and address, along with a breakdown of total assets and liabilities. The statement can help individuals track their financial goals and wealth, and can be used when they apply for credit.

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Total cost A38= $37,000

Explanation:

Giving the following formula:

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