often gas stations only a few miles apart differ in price as much as 10 cents. the most likely explanation for this kind of price discrimination is that;A. consumers in some communities have a more elastic demand for gasoline than consumers in nearby communities.;B. gasoline purchased at one station is a perfect substitute for gasoline purchased at a station a few miles away.;c. the elasticity of demand is the same in each community.;D. the cost of providing gasoline is the same in each community.
Paper#22562 | Written in 18-Jul-2015Price : $22