Table 19-2 on page 424 indicates that the short-run price elasticity of demand for tires is 0.9.
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Estimated Elasticity Category Short Run Long Run 1.2 2.7 N.A. N.A Air travel (business) Air travel (vacation) 0.4 Electricity Fresh tomatoes Gasoline Hospital services Intercity bus service Physician services Private education Restaurant meals Tires 0.6 0.3 0.1 4.6 0.2 0.1 0.6 N.A. 0.5 0.7 2.2 0.6 9 2.3 0.9 N.A. 1.2
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