The Response in Quantity Demanded to a Price Increase in Subway

question 30

Multiple Choice

The response in quantity demanded to a price increase in subway rides:

• A) will be more elastic in six weeks than in six months.
• B) will be less elastic in six weeks than in six months.
• C) will be the same over that time period.
• D) is unpredictable without more information.

---

Definitions:

Population Density

The measure of the number of individuals living per unit area, often used to understand how crowded an area is.

Aggressive

Exhibiting behavior characterized by hostility and intent to cause harm or assert dominance over others.

Household Density

measures the number of people living within a household or residential unit, often reflecting living conditions and space utilization.

Prison Environment

The physical and social conditions within a correctional facility, influencing the behavior and mental health of inmates.