In 1975, New York City increased regulated taxi fares by 17.5 percent and expected taxi revenue to increase a like amount.The taxi commission believed taxi demand was
A)unit elastic.
B)inelastic.
C)elastic.
D)perfectly inelastic.

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The Answer of In 1975, New York City increased regulated taxi fares by 17.5 percent and expected taxi revenue to increase a like amount.The taxi commission believed taxi demand was
A)unit elastic.
B)inelastic.
C)elastic.
D)perfectly inelastic.

In 1975, New York City Increased Regulated Taxi Fares by 17.5