What effect on quantity demanded will price elasticity have, Microeconomics

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What effect on quantity demanded will price elasticity have

Problem

Suppose the price elasticity of demand for gasoline is 0.2 in the short run and 0.7 in the long run. If the price of gasoline rises 28 percent, what effect on quantity demanded will this have in the short run? in the long run?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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