24. in Hong Kong the price elasticity of demand for MIB (Mass Trust Railway) rides is 04 When the price of a MTR ticket

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24 In Hong Kong The Price Elasticity Of Demand For Mib Mass Trust Railway Rides Is 04 When The Price Of A Mtr Ticket 1 (131.26 KiB) Viewed 20 times

24. in Hong Kong the price elasticity of demand for MIB (Mass Trust Railway) rides is 04 When the price of a MTR ticket rises by 2 percent, A. the demand for MTR rides detenes by 5 percent B. the quantity of MIR rides demanded decreases by 0,8 percent C. the demand for bus rides increases by 5 percent D. the quantity of bus rides demanded increases by 0.8 percent 25. The price elasticity of demand for a good is 0.2. A 10 percena rise in the price will the total revenue frau sales of the good A. decrease increase decrease the quantity sold with no change in of change