During the morning peak hour, a total of 5 , 5 0 0 person - trips are
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Question:
During the morning peak hour, a total of persontrips are made to downtown along a major arterial in the city: persontrips are made by car and persontrips are made by transit. The outofpocket costs and travel times associated with the two modes are as follows: Car Transit Time min Cost $ $ The shrinkage ratios with respect to transit prices have been estimated as: Cost Car Transit Time In other words, the direct elasticity of transit demand with respect to transit travel time is the cross elasticity of car demand with respect to transit cost is and so forth. The shrinkage ratios with respect to car prices are: Car Transit Time Cost The city department of transportation services is contemplating the opening of an exclusive bus lane that would save an average of min per trip. At the same time, the city council is holding public hearings on a proposal to raise downtown parking rates and thus cause an increase in car travel Costs to $ Estimate the likely effects on peak hour travel demand of both actions combined?
Related Book For
Linear Algebra And Its Applications
ISBN: 9781292351216
6th Global Edition
Authors: David Lay, Steven Lay, Judi McDonald
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