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Amtrak Charges Lower Fares to Students Than to Its Other

Question 54

Multiple Choice

Amtrak charges lower fares to students than to its other passengers. This pricing strategy increases Amtrak's profits. From this information, we can conclude that students must have a _____ demand for Amtrak train service than other passengers.


A) more price-elastic
B) lower
C) greater
D) less price-elastic

Correct Answer:

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