In most developing countries, there are long lines of taxis at airports, and these taxis often wait

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In most developing countries, there are long lines of taxis at airports, and these taxis often wait two or three hours. What does this tell you about the price in that market? Demonstrate with supply and demand analysis.

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 04:48 AM

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In most developing countries, there are long lines of taxis at airports, and these taxis often wait

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It suggests that the price is above the ...View the full answer

Macroeconomics

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