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This is a microeconomics questions Ridaway Consultants are advising the Premier on how to fund a proposed extension of the highway. One proposal is having

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This is a microeconomics questions

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Ridaway Consultants are advising the Premier on how to fund a proposed extension of the highway. One proposal is having the extension fully funded by additional toll revenue raised from a toll increment a) At the current toll level, the price elasticity of demand for toll roads is 0.8. Is this proposal likely to work? Why

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