When speeding tickets were $100, usually 500 speeders on the roads each month in a given city;

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When speeding tickets were $100, usually 500 speeders on the roads each month in a given city; when ticket prices were raised to $250, usually 215 speeders were on the roads in the city each month. Can you find any economics in this observation?

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Economics

ISBN: 978-1133561675

11th edition

Authors: Roger A. Arnold

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Question Posted: May 28, 2018 04:42 AM

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When speeding tickets were $100, usually 500 speeders on the roads each month in a given city;

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