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4.4. The income elasticity of demand for public transit is negative. What is the predicted effect of an increase in incomes? (a) Increase P, Decrease

4.4. The income elasticity of demand for public transit is negative. What is the predicted effect of an increase in incomes? (a) Increase P, Decrease Q (b) Increase P, Increase Q (c) Decrease P, Decrease Q (d) Decrease P, Increase Q 5

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