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If the Short-Run Elasticity of Demand for Bus Travel Is

question 38

Multiple Choice

If the short-run elasticity of demand for bus travel is 1.01, its long run elasticity of demand is likely to be _____.


Definitions:

Behavioral Therapy

Therapy that focuses on changing a person’s specific behaviors by replacing unwanted behaviors with desired behaviors.

Food Intake

Refers to the consumption of food and beverages by an individual or organism.

Avoided Foods

Foods that individuals choose not to eat for various reasons including allergies, health conditions, ethical beliefs, or personal preferences.

Cognitive-Behavioral Therapy (CBT)

A form of psychotherapy that focuses on modifying dysfunctional emotions, behaviors, and thoughts through a goal-oriented, systematic procedure.

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