Taxicab fares in most cities are regulated. several years ago, taxicab drivers in boston obtained permission to raise their fares 10 percent, and they anticipated that revenues would increase by about 10 percent as a result. they were disappointed, however. when the commissioner granted the 10 percent increase, revenues increase by only about 5 percent. what can you infer about the elasticity of demand for taxicab rides? what were taxicab drivers assuming about the elasticity of demand?

The questions of economics address which of the following ? check all that apply

What term is used to describe the outsourcing of logistics? a. shipper managed inventoryb. hollow logistics(smi)c. sub-logisticsd. e-logisticse. third-party logistics (3pl)

Suppose that the u.s. dollars-mexican pesos exchange rate is fixed by the u.s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs.which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u.s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u.s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u.s. dollars.