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     EduGorilla 
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    What does the line "the price elasticity of demand for crude oil is very low" imply in the passage?

    Options :-

    1. With the price rise, the demand for crude oil has fallen proportionately.
    2. A small change in demand has resulted in a sharp change in the price of crude.
    3. Within a short span of time, the price of crude oil has fluctuated sharply.
    4. None of these
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