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The economist for the City of San Francisco uses ticket sales data to estimate that...

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The economist for the City of San Francisco uses ticket sales data to estimate that the absolute value of the price elasticity of demand for the city s public transportation system is 0 4 The city council proposes a 5 increase in the price of a transit ticket to increase educational funding If the proposition passes the change in quantity demand for transit tickets will be revenue from ticket sales will and total O 5 fall 2 fall 2 rise O 5 rise

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