The price elasticity of demand for urban transit fares has, Ask an Expert

Economics

The price elasticity of demand for urban transit fares has been estimated to lie between -0.1 and -0.6. Based on these results, give an economic argument for raising transit fares. What political arguments might local governments and transit authorities encounter in opposition to these economic arguments?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91694630

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