If City Officials Expect That an Increase in Bus Fares

question 152

Multiple Choice

If city officials expect that an increase in bus fares will raise mass transit revenues,they must think that the demand for bus travel is _____

• A)elastic.
• B)unit elastic.
• C)inelastic.
• D)upward-sloping.
• E)perfectly elastic.

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Definitions:

Weather

The state of the atmosphere at a place and time as regards heat, dryness, sunshine, wind, rain, etc.

Physical Weathering

The natural breakdown of rocks and minerals at the Earth's surface due to physical processes such as temperature changes, wind, water, and ice, without altering the rock's chemical composition.

High-Pressure Environments

Conditions characterized by significantly greater atmospheric or fluid pressure than that found at the Earth's surface, often found in deep-sea or subterranean locations.

High-Temperature Environments

Conditions characterized by extremely hot temperatures, often found in areas such as geothermal sites and volcanic regions.