Part 4 given that 630800 gallons of motor gasoline were, Ask an Expert

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PART 4 Given that 630,800 gallons of motor gasoline were sold per day in North Carolina in February 2009 when the average price was $1.861 per gallon and 620,500 gallons were sold per day in March 2009 when the average price was $1.903 per gallon. (DOE & DOT)

Using the midpoint method, what is the price elasticity of demand for motor gasoline? (Include 0 before decimal if needed and round answer to nearest hundredth.)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91928312

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