The prices of gasoline per gallon in California in 2007 and 2008 were $2.29 and $3.09, respectively. The quantities of gasoline in gallons for the years 2007 and 2008 were 1,450 and 1,392, respectively. How much is the elasticity of demand for gasoline from 2007 to 2008? O 0.834 O 0.159 O 0.115

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The prices of gasoline per gallon in California in 2007 and 2008 were $2.29 and $3.09, respectively.
The quantities of gasoline in gallons for the years 2007 and 2008 were 1,450 and 1,392,
respectively. How much is the elasticity of demand for gasoline from 2007 to 2008?
O 0.834
O 0.159
O 0.115
Transcribed Image Text:The prices of gasoline per gallon in California in 2007 and 2008 were $2.29 and $3.09, respectively. The quantities of gasoline in gallons for the years 2007 and 2008 were 1,450 and 1,392, respectively. How much is the elasticity of demand for gasoline from 2007 to 2008? O 0.834 O 0.159 O 0.115
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