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Cryptocurrency Q&A What is the formula for elasticity of demand for transportation?

What is the formula for elasticity of demand for transportation?

ShintoMystical ShintoMystical Thu Jan 23 2025 | 7 answers 1264
I'm trying to understand the concept of elasticity of demand in the context of transportation. Specifically, I'm looking for the formula that calculates this elasticity. What is the formula for elasticity of demand for transportation?
elasticity of demand formula transportation

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  1. Does elasticity of demand increase with price?
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