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    Exam 4: Elasticity
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    The Elasticity of Supply for Airplane Travel One Day in Advance
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The Elasticity of Supply for Airplane Travel One Day in Advance

Question 2

Question 2

Multiple Choice

The elasticity of supply for airplane travel one day in advance of the departure date is most likely to be


A) substantially lower than -1.
B) between -1 and zero.
C) between zero and 1.
D) around 1.
E) substantially greater than 1.

Correct Answer:

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