ртаг 3. Suppose the own price elasticity of market demand for retail gasoline is -0.8, the Rothschild index is 0.5, and

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ртаг 3. Suppose the own price elasticity of market demand for retail gasoline is -0.8, the Rothschild index is 0.5, and

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ртаг 3. Suppose the own price elasticity of market demand for retail gasoline is -0.8, the Rothschild index is 0.5, and a typical gasoline retailer enjoys sales of $1.5 million annually. What is the price elasticity of demand for a representa- tive gasoline retailer's product?
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