Suppose That VIA Rail Asked Government Authorities for Permission to Increase

question 19

Multiple Choice

Suppose that VIA Rail asked government authorities for permission to increase its commuter rates by 20 percent.The railroad argues that declining revenues make this rate increase essential.Opponents of the rate increase contend that the railroad's revenues would fall because of the rate hike.It can be concluded that:

• A)both groups feel that the demand is elastic but for different reasons
• B)both groups feel that the demand is inelastic but for different reasons
• C)both groups feel that demand is unit-elastic, but for different reasons
• D)the railroad feels that the demand for passenger service is elastic and opponents of the rate increase feel it is inelastic
• E)the railroad feels that the demand for passenger service is inelastic and opponents of the rate feel it is elastic

---

Definitions:

REM Sleep Deprivation

The lack of REM (Rapid Eye Movement) sleep, a stage of sleep characterized by vivid dreams, which can lead to cognitive impairments and mood disturbances.

Intense Learning

Engaging deeply in the educational process, often characterized by a high level of concentration and active involvement in mastering new skills or knowledge.

Neuroadaptation

The process by which the brain adapts to changes in its environment, often in response to repeated exposure to substances, leading to tolerance or dependence.

Drug Tolerance

A physiological state where the effectiveness of a drug decreases as a result of repeated use, often leading to the need for increased doses.