Suppose an economist found that total revenues increase for the bus system when fares were raised, the conclusion is that the price elasticity demand for subway services over the range of fare increase is inelastic. True/False

True

Explanation:

Price in-elasticity happens when individuals can not possibly shift or change their behaviors or process of Consummation.

In the case of the bus system, people do not have a Better choice from the bus system although the bus system increase bus fares.

If people do not have a better choice or option for there consumption, we say that price elasticity demand for a particular commodity is inelastic .

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number