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Author Question: The Bay Area subway system, BART, offers senior citizens discounted fares for BART rides. This ... (Read 305 times)

urbanoutfitters

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on: Jun 29, 2018
The Bay Area subway system, BART, offers senior citizens discounted fares for BART rides. This suggests that BART authorities believe that senior citizens have a ________ demand for subway rides.
 
  A) less price elastic B) more income elastic
  C) more price elastic D) less income elastic

Question 2

Refer to Figure 15-9. At the profit-maximizing quantity, what is the difference between the monopoly's price and the marginal cost of production?
 
  A) 8 B) 11.50
  C) 21 D) There is no difference.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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ndhahbi

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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