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The New City Subway has 40,000 passengers every day. They are fairly price sensitive. If the current price of $2 were to increase to $2.50,
The New City Subway has 40,000 passengers every day. They are fairly price sensitive. If the current price of $2 were to increase to $2.50, it is likely that there would be only 30,000 passengers each day. On the other hand, if the price were to drop to $1.50, the ridership would increase to 50,000
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