5. Your roommate remarks that it is strange that a flight from New York to Chicago costs...

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5. Your roommate remarks that it is strange that a flight from New York to Chicago costs more than a flight from New York to Orlando, since New York and Chicago are closer than New York and Orlando. What is your roommate assuming about the relationship between distance and price? How do you explain these prices?

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Microeconomics

ISBN: 9780716759751

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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