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Consider the Following Data for a Hypothetical Economy

question 144

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Consider the following data for a hypothetical economy.
Consider the following data for a hypothetical economy.    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 ________. A) 5.0; right B) 0.33; right C) 0.33; left D) 0.2; right E) 0.2; left 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 ________.


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