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Costa Costa
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Posts: 1009
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6 years ago
The Transit Commission of Nodnol (a fictitious city) decides to raise its passenger fares in order to reduce its deficit. This suggests that the Commission believes that the demand for public transportation in Nodnol is:
A) inelastic
B) elastic
C) unitary elastic
D) perfectly inelastic
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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6 years ago
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