Research by Sebastien Bradley of Drexel University and Naomi Feldman of the Federal Reserve revealed that the
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Research by Sebastien Bradley of Drexel University and Naomi Feldman of the Federal Reserve revealed that the price elasticity of demand for airline tickets increased after airlines had to reveal tax information to consumers. According to their estimates, the price elasticity of demand for airline tickets is approximately equal to in other words, the demand for airline tickets is elastic. Based on this information, what will happen to total revenues?
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