In 2003 tolls were raised on seven bridges across the In 2003, tolls were raised on seven bridges…

In 2003 tolls were raised on seven bridges across the

In 2003, tolls were raised on seven bridges across the Delaware River, connecting Pennsylvania to New Jersey. In the first two months of the year, bridge traffic fell by 17%, but revenue increased by 123% because of the higher tolls.

What is the price elasticity of demand for using these bridges to cross the Delaware River?

In 2003 tolls were raised on seven bridges across the

 

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