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Author Question: Consider the following data for a hypothetical economy.YearAverage Household Income($)Price of ... (Read 69 times)

jmoore1989

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on: Oct 12, 2022
Consider the following data for a hypothetical economy.

YearAverage Household Income
($)		Price of Transit Passes
($)		Quantity Demanded of Transit PassesPrice of Gasoline ($/litre)Quantity Demanded of Gasoline (millions of litres)
202080 00060 99 0000.951940
202180 00060101 0001.052060

TABLE 4-5

Refer to Table 4-5. The cross-price elasticity of demand for transit passes in terms of the price of gasoline is ________. A rise in the price of gasoline causes the demand curve for transit passes to shift to the ________.
◦ 0.2; right
◦ 0.2; left
◦ 0.33; right
◦ 5.0; right
◦ 0.33; left
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jmoore1989 on Oct 12, 2022

brunoanthony

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Reply #1 on: Oct 12, 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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jmoore1989

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

ryhom

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Reply 3 on: Yesterday
:D TYSM

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