ECO 204 Week 1 DQ1
in Economics by RD777DR
Favorite
Add it to your favorites and revisit later
Instant Download
Previewing 0 of 1 total pages.
Trouble downloading?
Copyright complaint
Instant download
Money-back guarantee
Regular Price: $2.86
Your Price: $2.00 (30% discount)
You Save: $0.86
Your Price: $2.00 (30% discount)
You Save: $0.86
Description
ECO 204 Week 1 DQ1
Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their fares 10 percent, and they anticipated that revenues would increase by about 10 percent as a result. However, when the commissioner granted the 10 percent increase, revenues increased by only about 5 percent. What can you infer about the elasticity of demand for taxicab rides? What were taxicab drivers assuming about the elasticity of demand?
Comments (0)
You must sign in to make a comment.
Rating:
Published On:
03/07/2013
Print Length:
1 page(s)
Word Count:
209
File Name:
ECO 204 Week 1 DQ 1.doc
File Size:
24.06 KB (0.02 MB)
Sold By:
RD777DR
Purchased:
0 times
Best Seller Ranking:
#52169