If lowering of fares reduces railway’s revenues and increasing of fares increases, them the demand for rail travel has a price elasticity of  ——————.
  • a)
    Zero
  • b)
    Greater than zero but less than one.
  • c)
    One
  • d)
    Greater than one
Correct answer is option 'B'. Can you explain this answer?

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This discussion on If lowering of fares reduces railways revenues and increasing of fares increases, them the demand for rail travel has a price elasticity of .a)Zerob)Greater than zero but less than one.c)Oned)Greater than oneCorrect answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of If lowering of fares reduces railways revenues and increasing of fares increases, them the demand for rail travel has a price elasticity of .a)Zerob)Greater than zero but less than one.c)Oned)Greater than oneCorrect answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like If lowering of fares reduces railways revenues and increasing of fares increases, them the demand for rail travel has a price elasticity of .a)Zerob)Greater than zero but less than one.c)Oned)Greater than oneCorrect answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.

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This discussion on If lowering of fares reduces railways revenues and increasing of fares increases, them the demand for rail travel has a price elasticity of .a)Zerob)Greater than zero but less than one.c)Oned)Greater than oneCorrect answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of If lowering of fares reduces railways revenues and increasing of fares increases, them the demand for rail travel has a price elasticity of .a)Zerob)Greater than zero but less than one.c)Oned)Greater than oneCorrect answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like If lowering of fares reduces railways revenues and increasing of fares increases, them the demand for rail travel has a price elasticity of .a)Zerob)Greater than zero but less than one.c)Oned)Greater than oneCorrect answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.