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  • 11-10-2022
  • Business
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when the toll is $1, total revenue is $4 thousand per week, but when the toll is $2, total revenue is $8 thousand per week. based on your analysis, you can conclude that your advisor isincorrect in suggesting that total revenue would rise if you increase the toll from $1 to $2, because the demand for trips across the bridge for prices between $1 and $2 iselastic .

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