Give an accurate forecast for the long term

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Reference no: EM13779620

The Not-So-Popular Nordic Bridge www.economist.com/node/387500 Three questions: Explain why the demand for the bridge is likely to be price-elastic. If the Swedish governemnt esimates that the price elasticity is -1.4 claculate the effect on traffic using the bridge stating any assumptions. Why is the calculation above not likely to give an accurate forecast for the long term?

Reference no: EM13779620

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