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A zonal interchange is served by a local bus route and an express bus route. The current travel times and fares associated with the two

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A zonal interchange is served by a local bus route and an express bus route. The current travel times and fares associated with the two types of service are: Given the following log-arc elasticities of demand and that the current transit patronage 4000 trips per peak period is split 35-65 between the local bus and express bus service, calculate the effect of raising the local bus fare to 8 Dhs

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