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jhaygood86 jhaygood86
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6 years ago
Taxi operators must buy a medallion from the municipal government. If the price of these medallions rises, we expect the fares charged by taxi operators to ________ because ________.
A) rise; higher input prices decrease supply
B) rise; higher input price increase demand
C) rise; there would be more taxis
D) fall; taxi rides are a luxury service
E) fall; passengers substitute bus rides
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Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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6 years ago
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jhaygood86 Author
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6 years ago
Smart ... Thanks!
njn;l
wrote...

Yesterday
Good timing, thanks!
husne
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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