107 809
Assignments Done
100%
Successfully Done
In December 2024
Physics help
Your physics assignments can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Physics
 Math help
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Math
 Programming help
Our experts will gladly share their knowledge and help you with programming projects. Keep up with the world’s newest programming trends.
Programming

Answer to Question #72144 in Microeconomics for Malk

Question #72144
To what extent is the concept of elasticity of demand for rail travel a helpful tool in analysing how rail companies go about setting ticket prices on various routes?
1
Expert's answer
2017-12-27T04:25:55-0500
If demand for rail tickets is elastic, then the increase in price will cause the decrease in total revenue and vice versa. If demand for rail tickets is inelastic, then the increase in price will cause the increase in total revenue and the decrease in price will cause the decrease in total revenue.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

Our fields of expertise
10 years of AssignmentExpert
LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult. You can find this expert in "Assignmentexpert.com" with confidence. Exceptional experts! I appreciate your help. God bless you!
Canada #340153 on Dec 2023