4. Suppose the price elasticity of demand for bus trips is equivalent to |EDI : 0.5. White the income elasticity of demand for bus trips is equal to El : - 0.1 and the cross elasticity of demand for bus trips with respect to the price of gasoline is E Bus, Gasoline = - 0.2. :1. Would an increase in the price at the bus ticket increase or decrease the revenue of the bus company? In. lithe price of gasoiine increases by 10%. then by how much will the quantity of bus rides demanded change. c. if the income of consumers increases by 5%. then by how much the number of has trips will change. d. If the price of gasoiine increases by 20%. then by how much the quantity demanded of bus trips will change