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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 13
If an increase in bus fares in Charlotte, North Carolina, reduces total revenue of the public transit system, this is evidence that demand is
A) price elastic.
B) price inelastic.
C) unitary elastic.
D) perfectly elastic.
A) price elastic.
B) price inelastic.
C) unitary elastic.
D) perfectly elastic.
Explanation
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The correc...
Economics for Today 9th Edition by Irvin Tucker
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