Question

Many proponents of public transit argue that the service should be provided free to the public in metropolitan areas in order to reduce pollution and traffic congestion. Estimates by economists found the price elasticity of demand for public transit to be .17. The economists also found the cross-price elasticity of demand with the automobile to be .10.
a. What will free public transport mean to the use of the public transportation service?
b. What will free public transport mean to the use of the automobile?



$1.99
Sales0
Views55
Comments0
  • CreatedSeptember 27, 2014
  • Files Included
Post your question
5000