Bus Services Often Offer Lower Prices for Students and Pensioners

question 81

Multiple Choice

Bus services often offer lower prices for students and pensioners because:

• A) they have a more inelastic demand for bus services.
• B) its the right thing to do morally.
• C) they have a higher elasticity for bus services than the adult working population.
• D) they have a higher willingness to pay.

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Definitions:

LED Display

An electronic display technology that uses light-emitting diodes to visually convey information, such as numeric readouts or alphanumeric text.

Rung(s)

Logical levels in a ladder diagram, representing a series of connected electrical elements in control programming, like those in a PLC (Programmable Logic Controller).