The economist for the City of San Francisco uses ticket

Last updated: 12/8/2023

The economist for the City of San Francisco uses ticket sales data to estimate that the absolute value of the price elasticity of demand for the city s public transportation system is 0 4 The city council proposes a 5 increase in the price of a transit ticket to increase educational funding If the proposition passes the change in quantity demand for transit tickets will be revenue from ticket sales will and total O 5 fall 2 fall 2 rise O 5 rise