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aleksandrvk [35]
3 years ago
6

If the demand for gasoline becomes more elastic over time,

Business
1 answer:
sveticcg [70]3 years ago
4 0

Answer:

a. the demand curve will become flatter

Explanation:

<u>a. the demand curve will become flatter</u>

This means it will become more price sensitive and increases and decreases in the gasoline price will generate a greater increase or decrease in the quantity demanded over time.

<u>b and d  without the precise formula for demand we can't be sure</u> that the new elasticity will impact the current equilibrium. It could happen or it could not.

c.- the demand curve will flatter, it will change it shape, not the location.

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Which of the following actions would the Federal Reserve most likely take to rein in spiraling inflation?
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The right answer for the question that is being asked and shown above is that: "<span>Increase reserve requirement." </span>
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Input the corresponding values in cells B1 thru B3. In cellular B4, input the components "=-PMT(B2/1200, B3*12, B1)" to have Excel routinely calculate the monthly charge. As an example, in case you had a $25,000 mortgage at 6.5 percent annual hobby for 10 years, the month-to-month fee could be $283.87.

Learn more about the method of amortization here brainly.com/question/10561878

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