[Related to the Economics in Practice on p. 108] A numbe
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[Related to the Economics in Practice on p. 108] A number of towns in the United States have begun charging their reside
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[Related to the Economics in Practice on p. 108] A number of towns in the United States have begun charging their residents for garbage pickup based on the number of garbage cans filled per week. The town of Chase decided to increase its percan price from 10 cents to 20 cents per week. In the first week, Chase found that the number of cans that were brought to the curb fell from 550 to 525 (although the city workers complained that the cans were heavier). The town economist ran the numbers, informed the mayor that the demand for disposal was inelastic, and recommended that the city raise the price more to maximize town revenue from the program. Six months later, at a price of 30 cents per can, the number of cans has fallen to 125 and town revenues are down. What might have happened? 12. [Related to the Economi
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