3. The demand for whichone of the following goods is likely to be the most inelastic? (Assume you useGasoline to go to work) (Points: 10)
gasolinein the short run
gasolinein the long run
gasolinein the medium run
BART
Thebus system
8. Pricecaptures the value of all resources captured in a good. (Points: 10)
True
False