If lowering of fares reduces railway's revenues and increasing of fares increases, then the demand for rail travel has a price elasticity of

Question

TuteeHUB · Accepted Answer

ne

TuteeHUB · Answer

ero

TuteeHUB · Answer

reater than Zero but less than One

TuteeHUB · Answer

reater than One

1.	If lowering of fares reduces railway's revenues and increasing of fares increases, then the demand for rail travel has a price elasticity of
A.	ero
B.	reater than Zero but less than One
C.	ne
D.	reater than One
Answer» C. ne

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