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The VIA president contends that a 20 percent increase in the bus fare (the price charged to get on the bus) will raise total revenue

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The VIA president contends that a 20 percent increase in the bus fare (the price charged to get on the bus) will raise total revenue for VIA. The VIA President seems to be assuming that the demand for bus rides is: O unitary clastic O inelastic. O elastic. O perfectly inelastic

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