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Author Question: Consider the market for newspaper delivery jobs in Hermittown. Currently, each delivery driver ... (Read 116 times)

olgamartinez04

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on: Nov 23, 2022
Consider the market for newspaper delivery jobs in Hermittown. Currently, each delivery driver receives a rate of $2 per subscriber per month and has a fixed territory that initially has 7.25 subscribers. The price elasticity of demand for subscriptions is 3.25. Suppose the new city council passes a law that establishes a minimum rate of $4.25 per subscriber per month. As a result, the publisher increases the price of a subscription by 25 percent. This new law results in a ________ percent change in income for a typical newspaper delivery driver.
Please round your final answer to two decimal places.
◦ -60.16
◦ -163,349.04
◦ -38,511.54
◦ 5913.28
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by olgamartinez04 on Nov 23, 2022

reactx

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olgamartinez04

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

ryhom

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Reply 3 on: Yesterday
Excellent

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