Economy, asked by alizastar407, 11 months ago

A newspaper reported that an increase in bus fare decreased the number of people travelling from Green Bus Metro. "There has been a 5 percent decline in Green Bus Metro ridership as the fare increased from Rs.50 to Rs.75."

a) Calculate the price elasticity of demand.

b) What is the effect of fare increase on Green Bus Metro revenue?

Answers

Answered by riyaraghuwanshi57

2

Explanation:

1 Percentage change in green bus metro ridership = 5%

Initial fare = Rs 50

Final fare = Rs 75

Hope it helps

Plzz mark as brainliest *✌️ ✌️***✌️✌️✌️

Previous Question

Next Question

Similar questions

Accountancy, 6 months ago

Q.19. From the following Receipts and payments account of Strong Star Club for the year ending 31" March, 2019 and additional information, prepare an Income and expenditure account for the year ending 31" March 2019: (6) Receipts and Payments account of Strong Star Club For the year ending 31" March 2019 Receipts Amount(Rs.) Payments Amount(Rs.) To Balance B/d 2,000 By Salaries 42,500 To...

Computer Science, 6 months ago

Answer in one sentence Write one feature of python which makes it preferable over other languages.

Chemistry, 6 months ago

_____ property of plastic is most suitable to make bucketsl a ) light weight. b) waterproof c) durable. d) strong...

English, 11 months ago

please say the answer to it. fastly...

Math, 11 months ago

9. Estimate the values of (a) 3√2000 (b) 3√2662 (c) 3√5012...

Math, 1 year ago

plse solve this question ...

Biology, 1 year ago

Name the practice followed for large scale rearing of farm animals. What facilities are provided to farm animals?

Math, 1 year ago

solve this equation...