Via Rail Canada Charges Lower Fares to Students Than to Its

question 261

Multiple Choice

Via Rail Canada charges lower fares to students than to its other passengers.This pricing strategy increases Via Rail Canada's profits.From this information,we can conclude that students must have a _____ demand for Via Rail Canada train service than do other passengers.

• A) more price-elastic
• B) lower
• C) greater
• D) less price-elastic

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Great Recession

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Unemployment

The situation in which individuals who are capable of working and actively seeking work are unable to find employment.

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Occurs when a government spends more money than it receives in revenue over a specified period, leading to an accumulation of debt.

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The total amount of money that a country's government has borrowed, typically as a result of budget deficits over years.