Certeris paribus, if more alternative forms of energy become available, we would expect the demand for gasoline to become:
A)more elastic.
B)more inelastic.
C)perfectly elastic.
D)perfectly inelastic.

Question

Quizplus · Accepted Answer

When more alternative forms of energy become available, consumers have more substitutes for gasoline, making the demand for gasoline more elastic.

Certeris Paribus, If More Alternative Forms of Energy Become Available