If lowering of fares reduces railway's revenues and increasing of fare

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
Answer» Greater than Zero but less than One If lowering of fares REDUCES railway's REVENUES and increasing of fares increases, then the demand for RAIL TRAVEL has a price ELASTICITY of Greater than Zero but less than One.

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

Answer»

Greater than Zero but less than One

If lowering of fares REDUCES railway's REVENUES and increasing of fares increases, then the demand for RAIL TRAVEL has a price ELASTICITY of Greater than Zero but less than One.

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

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