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(6) Cruising for Parking II The UCLA transportation economist Donald Shoup developed a formula to explain the rational maximum cruising time for parking. Calculate the

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(6) Cruising for Parking II The UCLA transportation economist Donald Shoup developed a formula to explain the rational maximum cruising time for parking. Calculate the cruising time elasticity with respect to the price (p). At a price of p=2 and m-8, how will a 50% increase in p alter the maximum cruising time

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