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Phydeaux Phydeaux
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6 years ago
The Winnipeg Transit Commission decides not to change bus fares. Based on the relationship between total revenue and elasticity, total revenue will ________ if they ________ bus fares because consumer demand is ________.
A) decrease; raise; elastic
B) increase; lower; inelastic
C) increase; raise; elastic
D) decrease; lower; elastic
E) stay the same; raise; elastic
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
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