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54. The table gives estimates of the price elasticities and cross elasticities of demand for bus and rail travel. What would be the change

54. The table gives estimates of the price elasticities and cross elasticities of demand for bus and rail travel. What would be the change in the volume of rail travel resulting from a 1 % increase in bus fares? elasticity with respect to the price of: service bus travel rail travel bus travel -0.37 +0.13 rail travel +0.16 -0.43

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