Relative short run demand for gasoline in the long run

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What will hapeen when there is a Relative short run demand for gasoline in the long run.

Probably more elastic since people need time to change automobiles and driving habits.

Probably less elastic since people need time to change automobiles and driving habits.

Probably more elastic because people can hoard this good.

Probably less elastic because people cannot store this good.

Reference no: EM131193682

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