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Calculate the effect on the revenue received from the

A transit company estimates that the cross elasticity of demandbetween its fast express bus and its ordinary bus is 2.

Calculate the effect on the revenue received from the express service if theprice of the ordinary bus service is reduced from $75 to $50 whilethe price of the express bus service remains the same.

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Mechanical Engineering: Calculate the effect on the revenue received from the

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Mechanical Engineering: Calculate the effect on the revenue received from the

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