(Answered) This question is based upon the following cbc article new

Management Studies

This question is based upon the following CBC article: "New Champlain Bridge needs at least $2.60 toll to break even." Calculate the price elasticity of demand for toll bridges as the toll increases from $2.60 to $3.90. What effect would a further increase in the toll of 10% have on the quantity demand for toll crossings?

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