- 04/22/2019 at 9:44 pm #566227EduGorillaKeymasterSelect Question Language :
What does the line "the price elasticity of demand for crude oil is very low" imply in the passage?
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- With the price rise, the demand for crude oil has fallen proportionately.
- A small change in demand has resulted in a sharp change in the price of crude.
- Within a short span of time, the price of crude oil has fluctuated sharply.
- None of these
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