What is the price elasticity of demand for airport, Microeconomics

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What is the price elasticity of demand for airport

When tolls on the Dulles Airport Greenway were reduced from $1.75 to $1.00, traffic increased from 10,000 to 26,000 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?

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Microeconomics: What is the price elasticity of demand for airport

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Microeconomics: What is the price elasticity of demand for airport

Reference No:- TGS039826

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Draw consumer-s budget line in absence of food stamp program

Q : Blended principal and interest payment

Q : What tax issues should be considered

Q : Taxable gain sandy recognize from the sale

Q : What is the price elasticity of demand for airport

Q : Valuation-convertible bond

Q : Nonseparately stated income or loss for the tax year

Q : Calculate the cost of capital for the firm

Q : Draw and use a ppc to graphically show subcommittee

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the price elasticity of demand for airport

Reference No:- TGS039826

Recent Questions Asked Microeconomics

Q : Draw consumer-s budget line in absence of food stamp program

Q : Blended principal and interest payment

Q : What tax issues should be considered

Q : Taxable gain sandy recognize from the sale

Q : What is the price elasticity of demand for airport

Q : Valuation-convertible bond

Q : Nonseparately stated income or loss for the tax year

Q : Calculate the cost of capital for the firm

Q : Draw and use a ppc to graphically show subcommittee

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