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Suppose the price elasticity of demand for subway trains in Boston and New York City isalmost close to zero. If the city authority raises the

"Suppose the price elasticity of demand for subway trains in Boston and New York City isalmost close to zero. If the city authority raises the fare of Massachusetts Bay TransportationAuthority (MBTA) passengers by 20 percent over its current prices to cover the loss of oper-ation for MBTA, how much increase in revenue do you expect because of a fare increase of20 percent? Give reasons to substantiate your answer"

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