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    Business
  3. Study Set
    Contemporary Economics
  4. Exam
    Exam 3: Demand and Supply Applications
  5. Question
    If Airlines Find They Cannot Raise Ticket Prices Very Much
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If Airlines Find They Cannot Raise Ticket Prices Very Much

Question 14

Question 14

True/False

If airlines find they cannot raise ticket prices very much when the government imposes new, much higher excise taxes, this means the demand for airline tickets is probably fairly inelastic.

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