Question

what can you say about cross elasticity of demand rail and long distance road transport​

Answer 1

Answer:

The elasticity of demand means when a price of certain commodity changes depending on the rise and fall of demand of certain product. This is because the cost per unit of production decreases when the demand and sale of a product increases and vice versa.

Explanation:

Long-distance transport becomes costly when a number of people traveling and sharing transport is less. When the number of passengers on the vehicle is more, then the travel expenses get reduced per head, and this is facilitated by rail. Rail is such a means of transport which is capable of carrying a huge number of passengers at a time.