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apadong apadong
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7 years ago
A mass transit authority charges bus fares of $1.25 during morning rush hours but only $1.00 during late morning non-rush hours. Economists explain the fare difference by the fact that the demand for bus rides during the morning rush hours is ________ but during the late morning it is ________.
A) perfectly elastic; perfectly inelastic
B) more elastic; more inelastic
C) more inelastic; more elastic
D) unit elastic; relatively inelastic
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goldlilysgoldlilys
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7 years ago
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