If in the Short Run the Demand for Mass Transit

question 113

Multiple Choice

If in the short run the demand for mass transit is inelastic and in the long run the demand is elastic, then a price

• A) increase will decrease total revenue in the short run but increase total revenue in the long run.
• B) increase will increase total revenue in the short run but decrease total revenue in the long run.
• C) decrease will increase total revenue in the short run but decrease total revenue in the long run.
• D) decrease will decrease total revenue in the short run and decrease total revenue in the long run.

---

Definitions:

Environmental Movement

A social and political effort to protect natural resources and ecosystems from degradation due to human activity, gaining significant traction in the late 20th century.

1968

a year marked by significant global upheaval, including protests, revolutions, and notable historical events affecting politics, civil rights, and the Vietnam War.

1980

The year marked by significant global and national events, including the inauguration of Ronald Reagan as President of the United States and the eruption of Mount St. Helens.

Political Strategy

A plan or method employed to influence political decisions or gain advantageous positions within political spheres.