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QUESTION 23 In a town, bus fares fall by 50% and this leads to an increase in bus travel by 30%. The effect on car

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QUESTION 23 In a town, bus fares fall by 50% and this leads to an increase in bus travel by 30%. The effect on car travel is very low with only a 1% reduction. What is the value of the cross-elasticity of demand between car travel and bus travel? O A. -0.60 O B. -0.02 OC. +0.02 O D. +0.60

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