Question

Why would tires have unitary elasticity while gasoline is inelastic?

Answer 1

• buying gasoline is a daily decision.

Step-by-step explanation:

We could assume that buying gasoline is a more immediate decision than buying tires, which leads us to think about the most accessible, loading gasoline 1 or 2 times per week depending on the use, a large monthly amount disguised in small expenses. But when buying tires, seeing the total amount makes us think more about when and where you buy them.

Answer 2

Tires have unitary elasticity while gasoline is inelastic because they are not as immediate of a need as gasoline. If for example you run out of gas, you have to buy some to get to where you were going but for tires you have to wait and decide where to purchase and what kinds of tires to purchase