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What's the answer for the following question, and why? The elasticity of supply for airplane travel one day in advance of the departure data is
What's the answer for the following question, and why?
The elasticity of supply for airplane travel one day in advance of the departure data is most likely to be
a) between zero and 1
b) between -1 and zero
c) substantially lower and -1
d) substantially greater than 1
e) around 1
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