How does the price elasticity of demand for gasoline impact


Need help with detailed explanation, so confused

  • How responsive are consumers to the gas price changes when fluctuations occur due to changes in supply? Why? Use the various determinants of elasticity
  • How does the price elasticity of demand for gasoline impact the effectiveness of taxes on gasoline aimed at correcting a negative externality?

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Business Economics: How does the price elasticity of demand for gasoline impact
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