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56. The PES for housing in Californias more regulated cities is0.0. What can be inferred from this number? An increase in tastes and preferences will

56. The PES for housing in California’s more regulated cities is0.0. What can be inferred from this number?

An increase in tastes and preferences will cause a greaterchange in the quantity than the price

PES is elastic

An increase in costs will cause a greater change in the quantitythan the price

None of the above

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