When a public transit system (such as a subway or bus line) raises its fares, it may experience an increase in total revenue.This suggests that demand is:
A.unstable.price-inelastic.price-elastic.

price unit-elastic.

Question

When a public transit system (such as a subway or bus line) raises its fares, it may experience an increase in total revenue.This suggests that demand is:
A.unstable.price-inelastic.price-elastic.
 
price unit-elastic.

Quizplus · Accepted Answer

The Answer of When a public transit system (such as a subway or bus line) raises its fares, it may experience an increase in total revenue.This suggests that demand is:
A.unstable.price-inelastic.price-elastic.
 
price unit-elastic.

When a Public Transit System (Such as a Subway or Bus