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In august 1990, east german taxicabs drivers were on strike demanding lower cab fares. what must the drivers have the drivers believed about the price elasticity of demand for taxi rides?
Microeconomics, Economics
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Question: Using Exercise, sketch the effects in parts (a) and (b) on a single supply and demand diagram. What prediction would you make about how the improved information alters the equilibrium quantity and price? Exerci ...
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