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Suppose a subway line determines it can charge different prices to riders during rush hour and riders who travel on the weekend or during off-peak
Suppose a subway line determines it can charge different prices to riders during rush hour and riders who travel on the weekend or during off-peak hours. The subway line's goal is to increase total revenue. The price elasticity of demand for riders during rush hour is 0.4-0, and the price ela sticitv of demand for offpeak travelers is 2.40. Based on the price elasticityr of demand for each group of people, how should the subwayr line adjustits prices? Choose one: 0 A. Lower the price for off-peak travelers, and raise the price for riders during rush hour. 0 B. Lower the price for off-peak travelers, and keep the price the same for riders during rush hour. 0 C. Raise the price for off-peak travelers, and keep the price the same for riders during rush hour. 0 D. Raise the price for off-peak travelers, and lower the price for riders during rush hour
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