The price of a bus trip is $1 and the price of a gallon of gas (at

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The price of a bus trip is $1 and the price of a gallon of gas (at the time of this writing!)is $3. What is the relative price of a gallon of gas, in terms of bus trips? What happens when the price of a bus trip falls to 75¢?

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Public Finance and Public Policy

ISBN: 978-1429278454

4th edition

Authors: Jonathan Gruber

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Question Posted: Apr 25, 2015 07:31 AM

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The price of a bus trip is $1 and the price of a gallon of gas (at

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A commuter could exchange 3 bus trips for 1 ...View the full answer

Public Finance and Public Policy

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