1. Do you have enough information to determine whether the demand for commuter rail service in the B&M service area was elastic? 2. How do you account for the difference in elasticity among the various lines? What reason do you assign for the results on the Bedford and Hudson branches? 3. Present detailed calculations for each line and branch. 4. The B&M decided to continue with its petition to end commuter service after these experiments were finished. Why do you think the railroad management made this decision? Table 2 Ticket type Line Eastern Reading Western Lowell Woburn Fitchburg Bedford Hudson Line Eastern Reading Western Fare reductions (percentages) Lowell Woburn Fitchburg Subtotal Bedford & Hudson Total Eastern Reading Western Lowell Woburn 20-ride *30-day limit on 20-ride ticket book. +One-year limit on one-way ticket Table 3 Revenue earned Fitchburg Subtotal Bedford& Hudson Total Grand total 28255838 29 31 21 30 24 30 1963 522.4 401.8 234.4 205.7 161.1 212.2 1737.6 39.3 1776.9 One-way+ 68.8 26.1 44.5 32.2 15.0 31.1 217.7 25588893 217.7 1994.6 36 27 Thousands of dollars 37 30 30 42 24 Weekends Weekdays 1962 492.3 403.0 285.5 186.4 157.3 191.8 1716.3 49.3 1765.6 60.8 24.9 54.3 29.6 14.3 23.9 207.8 207.8 1973.4 *Based on 148 days in 1963 and 147 days in 1962 + No schedule service Based on 59 days in 1963 and 60 days in 1962. % change +6.1 -3 -17.9 +10.4 +2.4 +10,6 +1.2 -20.3 +0.6 +13.2 +4.8 -18.0 +8.8 +4.9 +30.1 +4.8 +4.8 +1.1