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Taxi Demand
Refers to the consumer need for taxi services, which can vary based on factors like time, location, and price.
Regulated Fares
Fares for transportation or services that are controlled or set by a governing body to ensure fairness and accessibility.
Elastic Demand
A situation where the quantity demanded of a good or service is sensitive to changes in its price.
Total Revenue
The total income earned by a company from its sales of goods or services before any costs or expenses are subtracted.
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