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15 December, 08:49

When a public transit system (such as a subway or bus line) raises its fares, its total revenue may increase. This suggests that demand is: price unit-elastic. price-elastic. unstable. price-inelastic.

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  1. 15 December, 10:29
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    Price Inelastic

    Explanation:

    Public transport systems are a necessity which consumers are unable to do away with easily. Therefore when prices are raised consumer habits remain the same. Inelastic refers to unchanging consumer habit even when prices change.
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