Business, 23.03.2021 02:00 mackaylabarnes22

A study of mass-transit systems in American cities revealed that in the long run, revenues generally decline after substantial fare increases. This would suggest that the demand for mass transit is price-inelastic in the long run. the demand for mass transit is price-elastic in the long run. mass-transit service deteriorates in the long run as price rises. there are few good substitutes for such systems in urban areas.

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A study of mass-transit systems in American cities revealed that in the long run, revenues generally...

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