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In the Article on SUV Sales

Question 88

Multiple Choice

In the article on SUV sales


A) SUV sales are very responsive to gasoline,which is a substitute good to SUVs.
B) SUV sales did not respond all that much to a rise in gasoline prices,indicating that demand is inelastic for SUVs.
C) Gasoline and SUVs are complementary goods,and when the price of gasoline rose,the demand for SUVs fell.

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