jake7386 jake7386

18-03-2024
Business

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When tolls on the dulles airport greenway were increased from $1.25 to $1.50, traffic decreased from 21,000 to 16,000 trips a day. assuming all changes in quantity were due to the change in price, what is the price elasticity of demand for the dulles airport greenway?

Price elastic of demand is ____.

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