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Isabel is a model for Vogue magazine and travels from Glendora to Los Angeles six times a week. She finds out that gas prices have decreased from $4.15 a gallon to $3.20 a gallon for premium. This makes her commute a little bit happier, but only plans to travel one additional time per week to Los Angeles for photo shoots. What is the price elasticity of demand for premium gasoline?

User Ramsvidor
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Answer:

Inelastic

Step-by-step explanation:

User Wassfila
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