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QUESTION
if the price of a plane rides by 10%, the percentage change in the quantity demanded of plane rides is a decrease
if the price of a plane rides by 10%, the percentage change in the quantity demanded of plane rides is a decrease
of what percent?
72 DPI mcc11447_ch04_075-091.indd Page 75 27/08/10 7:36 PM user-f501 /Users/user-f501/Desktop/3157t_R1:Volhart:208 AFTER READING THIS CHAPTER, YOU SHOULD BEABLE TO:1 Discuss price elasticity of...