If the Bus Fare of a City Increases from $1

question 183

Multiple Choice

If the bus fare of a city increases from $1.00 to $1.10 per ride and as a result total revenue increases, then we know that

• A) percentage change in fare is less than percentage change in number of rides.
• B) percentage change in fare is greater than percentage change in number of rides.
• C) percentage change in fare is equal to the percentage change in number of rides.
• D) it is impossible to tell.

---

Definitions:

Wealth Against Commonwealth

A book by Henry Demarest Lloyd, published in 1894, exposing the monopolistic practices of the Standard Oil Company and advocating for government action against monopolies.

Social Darwinists

Individuals who apply the evolutionary concept of natural selection to human society, often to justify political conservatism, imperialism, and racism and to discourage intervention and reform.

Human Progress

Human progress refers to the advancement of human societies in terms of technology, science, social organization, and overall quality of life throughout history.

Government Interference

The involvement or intervention of government in personal, business, or other affairs where it might not be wanted or considered beneficial.