Problem-if rta increases the bus-fare from abu dhabi to, Ask an Expert

Economics

Problem-

If RTA increases the bus-fare from Abu Dhabi to Dubai, then what will happen to their revenue? [Hint: the demand curve is inelastic] Explain your answer with help of a diagram.

Additional Information-

The problem belongs to Economics, mainly to Micro-economics and it explain, if bus fares from Abu Dhabi to Dubai increase, what will happen to the revenue of RTA. This has been explained in the answer.

Word limits- 250

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91395152
Price:- $10

Guranteed 24 Hours Delivery, In Price:- $10

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question the producer of a movie has sole rights to make

Question: The producer of a movie has sole rights to make DVDs of it and is thus a monopolist in that particular movie. Assume that Blockbuster Video also has a near-monopoly on retail rentals. The producer could charge ...

Question write a short essay of about 750 words each on the

Question: Write a short essay of about 750 words each on the following topics: 1. What are the common defenses of protectionism? Evaluate them. 2. Explain Coase Theorem and show how it works with examples. 3. How does Ma ...

Question assume that you plan to construct a portfolio

Question: Assume that you plan to construct a portfolio aimed at achieving your stated objectives. The portfolio can be constructed by allocating your money to the following asset classes: common stock, bonds, and short- ...

Question what is the role of a performance measurement

Question: What is the role of a performance measurement system? Describe one of your personal experiences with performance measurement in the workplace. The response must be typed, single spaced, must be in times new rom ...

Question a donor wishes to endow an engineering scholarship

Question: A donor wishes to endow an engineering scholarship at USYD. The endowment may be made by a lump-sum deposit to a special foundation set up by the university for such purposes. The foundation director believes t ...

Question analyze the nominal and real concepts and apply

Question: Analyze the nominal and real concepts, and apply these concepts to Gross Domestic Product (GDP). Determine the elements that affect the reporting of the GDP. Compare and contrast the reporting of GDP in nominal ...

Question what were the business cycles and long-term trend

Question: What were the business cycles and long-term trend of the economy from the 1960s to now, and the main factors behind its growth? The response must be typed, single spaced, must be in times new roman font (size 1 ...

Question the first reading you had this semester was i

Question: The first reading you had this semester was I, Pencil. What was the lesson of this reading? How would a tax on lumber affect the coordination of all actors needed to make a pencil? Do you think this would resul ...

Question suppose there are two firms that produce two

Question: Suppose there are two firms that produce two different goods, one with a price elasticity of demand of -0.3 and the other with a price elasticity of demand of -3. Calculate the Lerner Index for both firms and i ...

Question with walmarts success many other stores such as

Question: With WalMart's success, many other stores such as Target, Macy's and Walgreen's decided to implement this strategy and create their own brands. Many consumers opt for these products because they believe that th ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert