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Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457 Exercise 1
If an increase in bus fares in Charlotte, North Carolina reduces the 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 7th Edition by Irvin Tucker
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