Managers of the New Hope and Ivy land Short Line Railroad conducted an experiment in which they
Question:
a. What problems exist in carrying out an experiment of this sort?
b. Taken at face value, what seemed to be the price elasticity of demand?
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Related Book For
Managerial Economics Theory Applications and Cases
ISBN: 978-0393912777
8th edition
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
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