Elasticity of demand for gasoline - environmental services, Microeconomics

Answer in True or Flees

1.  "Revealed preference methods for valuing environmental services and goods (for example hedonic price method, travel cost model, etc.) can reveal non-use values."

2.  "The elasticity of demand for gasoline is likely to be higher for price changes lasting many weeks/months than for a change persisting for only a few days."

Posted Date: 3/22/2013 6:48:57 AM | Location : United States







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