Barcelona and Los Angeles are similar, except Barcelona has a good public transportation system and Los Angeles does not. Auto insurance will probably be more expensive in _____ since the _____ for insurance is _____. Select one: a. Barcelona; demand; higher than it is in Los Angeles b. Barcelona; supply; lower than it is in Los Angeles c. Los Angeles; demand; higher than it is in Barcelona d. Los Angeles; supply; lower than it is in Barcelona

Essentials of Economics (MindTap Course List)
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Author:N. Gregory Mankiw
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Chapter5: Elastic And Its Application
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Problem 1CQQ: A life-saving medicine without any close substitutes will tend to have a. a small elasticity of...
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Barcelona and Los Angeles are similar, except Barcelona has a good public transportation system and Los Angeles does not. Auto insurance will probably be more expensive in _____ since the _____ for insurance is _____.
Select one:
a. Barcelona; demand; higher than it is in Los Angeles
b. Barcelona; supply; lower than it is in Los Angeles
c. Los Angeles; demand; higher than it is in Barcelona
d. Los Angeles; supply; lower than it is in Barcelona
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