A subway charges 60 cents per person and has 10,000 riders each day. The demand function for

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A subway charges 60 cents per person and has 10,000 riders each day. The demand function for the subway isr

(a) Find elasticity of demand function Ep.

b) Is the demand elastic or inelastic at p =60? r

c) Should the price of a ride be raised or lowered to increase the amount of money taken in by the subway?r

Posted Date: Mar 20, 2022 09:00 AM

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A subway charges 60 cents per person and has 10,000 riders each day. The demand function for

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q = 2500√140-2p q = 2500√140-2p

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