3. Why wouldthefareshortunandlongrunelasticities iffer? wouldthetraveltimeelasticities ifferbetweenthetworesident group3Wouldtheabovedifferencein elasticitiebetweenthetwo residengroupstogethewiththenegativncomelasticityhaveany implicationo Mr. King'sstrategin theshort Why Whatwe Sotry to (Assume that King's buscompanyhassomedegree of marketpowerfor the serviceson the route Don't botherto think in terms of numbers needis a logical yet imaginativeideathatwill help Mr. King out!! discusswithin your teamfor somemanageriabreakthroughEvenif you feel short of a cool idea don't panic We will comebackto the issuein a few weeks)