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sgy_89 sgy_89
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7 years ago
The local transit company is contemplating an increase in bus fares in order to expand revenues. A local senior-citizens group, Seniors for Fair Fares, argues that a rate increase would lead to lower revenues. This disagreement suggests that
A) the transit company does not believe that the rate increase would reduce the number of riders, but the SFF believes that it would.
B) the transit company believes that the demand for bus service is elastic, but the SFF believes that it is inelastic.
C) the transit company believes that the demand for bus service is inelastic, but the SFF believes that it is elastic.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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sgy_89 Author
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7 years ago
You make an excellent tutor!
Fleury
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
africa143
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2 hours ago
Smart ... Thanks!
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