Business, 30.03.2020 17:02 smithmariah7426

The Acmeville Metropolitan Bus Service currently charges $ 0.67 for an all-day ticket, and has an average of 472 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must therefore find a way to increase revenues. The bus company is considering increasing the ticket price to $ 0.78 . The marketing department's studies indicate this price increase would reduce usage to 182 riders per day. Calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method. Round your answer to one decimal place.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 03:10, elijahcarson9015

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

Answers: 3

continue

Business, 22.06.2019 18:40, bella2331

Under t, the point (0,2) gets mapped to (3,0). t-1 (x, y) →

Answers: 3

continue

Business, 22.06.2019 21:30, jefersonzoruajas

Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.

Answers: 1

continue

Business, 23.06.2019 00:00, kyledsmith18

In this multi-channel funnel report, which two channels have the highest overlap and would benefit from coordinated marketing messaging?

Answers: 2

continue

You know the right answer?

The Acmeville Metropolitan Bus Service currently charges $ 0.67 for an all-day ticket, and has an av...