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What may be necessary to eliminate all parking violations

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1. Suppose that a producer raises the price of a good from $4 to $7, and the quantity sold drops from 250 to 200 units. It is demand for the good elastic or inelastic?

2. If the campus police force is expanded and officers are instructed to increase the number of parking tickets they give out, what will happen to the number of parking violations? What may be necessary to eliminate all parking violations? (Why may that option be rejected?)

Reference no: EM13878382

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