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EBK ESSENTIALS OF ECONOMICS
4th Edition
ISBN: 8220103647380
Author: KRUGMAN
Publisher: MAC HIGHER
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Question
Chapter P2, Problem 1.3BC
To determine
Impact on taxi rides due to increase in prices.
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elasticity of demand is much more inelastic. The price elasticity of demand has decreased from -5.76 to -2.70."
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