QUESTION 7 When a public transit system (such as Metro) raises its fares, it usually experiences anincrease in total revenue.This suggests that...

QUESTION 7

1. When a public transit system (such as Metro) raises its fares, it usually experiences an  increase in total revenue. This suggests that demand for this service is:
2. A.Relatively elastic with respect to price
3. B.Unit elastic with respect to price.
4. C.Relatively inelastic with respect to price.
5. D.There is not enough information to tell.