answer in true or flees1 revealed preference, Microeconomics

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answer in true or flees1 revealed preference

Answer in True or Flees

1. "Revealed preference methods for valuing environmental services and goods (for example hedonic price method, travel cost model, etc.) can reveal non-use values."

2. "The elasticity of demand for gasoline is likely to be higher for price changes lasting many weeks/months than for a change persisting for only a few days."

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