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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
Could an increase in urban bus fares eventually lead to an increase in the demand for bus service?
A) It could not do so, though it could lead to a reduction in the demand for bus service.
B) It could not do so, though it would probably lead to a reduction in the quantity of bus service demanded.
C) It might do so if increasing the demand for and price of downtown parking increased even more.
D) It might do so by making the demand for bus service unit elastic.
E) Only in cities where the demand for bus service slopes upward to the right.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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Chimelo46Chimelo46
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9 years ago
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Sublight2097 Author
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#2
9 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
9 years ago
The textbook reference in your signature really helped me narrow it down.

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