Answer to Question #221720 in Economics for pablo

Question #221720
a possible rrason that the demand for petrol is inelastic is beacsuse

a, a large proportion of the petrol in south africa consumes is imported
b, households spend a small proportion of their income on ortrol
c, there is no close substitute for petrol
d, petrol is a luxury good
1
Expert's answer
2021-08-02T00:57:02-0400

c, there is no close substitute for petrol


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