When speeding tickets were $100, there were usually 500 speeders on the roads each month in a

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When speeding tickets were $100, there were usually 500 speeders on the roads each month in a given city;

when ticket prices were raised to $250, there were usually 215 speeders on the roads in the city each month. Can you find any economics in this observation?

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Macroeconomics

ISBN: 9780324785500

9th Edition

Authors: Roger A. Arnold

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Question Posted: Nov 01, 2024 05:00 AM

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When speeding tickets were $100, there were usually 500 speeders on the roads each month in a

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Macroeconomics

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