Q Hint Check Anyway The Mcneville Metropolitan Bus Service currently charges $0 88 for an all day ticket, and has an average of 433 riders a day The bus company is not earning a profit, but accesding to their contract with the city, they cannot cut the number of buses on the road They must therefore find a way to increase revenues. The bus company is considering increasing the ticket price to 50.99. The marketing department's studies indicate this price Forcase would reduce usage to 182 riders per day Calculate the shoolute value of the price elasticity of demand for bus tickets using the simple percentage change method. Round pur samper to our decimal place. price clanscity of demand Which of the waterers is true!. Demand Is belatic, so increasing ticket prices will increase micme O Demand it david, to decreasing ticket prices will increase few one. ) Demand is clastic, so mereming ticked prices will increase revenue Demand is inclastic, an decreasing ticket prices will merezie grecoue