1. The city of Atlanta is losing millions of dollars on its buses and subways. The municipal government proposes to increase rider fares by 20% to raise revenue and has asked for your advice. a. You know that the price elasticity of demand for mass transit in Atlanta is approximately 0.75. If rider fares increase by 20%, by how much will the number of rides decrease? (5 points) b. Should the city increase fares or not to raise revenue for the city? Give a reason for your answer. (10 points)