If gasoline falls from $4 per gallon to $3 and the quantity demanded rises from 3 million gallons to 4 million, what is the arc elasticity of demand?
A)0
B)¾
C)4/3
D)1

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The Answer of If gasoline falls from $4 per gallon to $3 and the quantity demanded rises from 3 million gallons to 4 million, what is the arc elasticity of demand?
A)0
B)¾
C)4/3
D)1

If Gasoline Falls from $4 Per Gallon to $3 and the Quantity