What do the data tell us about changes in the influences on the quantity of train travel

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◆ What do the data tell us about changes in the influences on the quantity of train travel demanded and the demand for train travel in 2011 and 2012?

More People Take the Train During 2011 and 2012, as the price of petrol kept rising, more and more people switched to travelling by train, despite stagnant incomes and a rise in the price of train tickets.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 06, 2024 02:00 AM

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What do the data tell us about changes in the influences on the quantity of train travel

Question:

The Data Time period Passengers (billions of kilometres per quarter) Average income ( per week) Price of train travel (pence per kilometre) 2011 Q2 2012 Q2 13.7 14.6 492 488 12.6 13.0

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Economics

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