=+a. Elasticity of demand for buses is 0.23 during peak hours and 0.42 during off-peak hours

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Economics

ISBN: 9780071214476

5th Edition

Authors: David Colander

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Question Posted: Oct 14, 2024 01:00 AM

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=+a. Elasticity of demand for buses is 0.23 during peak hours and 0.42 during off-peak hours
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=+12. Economists have estimated the following transportation elasticities. For each pair, explain possible reasons why the elasticities differ.
=+ b. Elasticity of demand for buses is 0.7 in the short run and 1.5 in the long run.
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=+a. Elasticity of demand for buses is 0.23 during peak hours and 0.42 during off-peak hours

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Economics

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