6. The text contains the following statement: All other variables unchanged, increasing the distance from a house
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6. The text contains the following statement: “All other variables unchanged, increasing the distance from a house to a hazardous site by 10% increased house value by 0.3%.” What is the price elasticity of house prices with respect to proximity to a hazardous waste site?
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Related Book For 
Principles Of Microeconomics
ISBN: 9781843317708
1st Edition
Authors: Libby Rittenberg, Timothy Tregarthen
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