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[UUhLIUII LU J PUII IL); A mass railway transport system (M RT) is operating at a loss and is looking for ways to eliminate its

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[UUhLIUII LU \\J PUII IL\"); A mass railway transport system (M RT) is operating at a loss and is looking for ways to eliminate its operating deficit. The total operating revenue of the public transport is P5 million while its total operating costs are P6 million. The price of a ride is P20 and the elasticity coefficient of demand for public transport was estimated to be 0.4. The current number of passengers is around 500,000 a day, a number that is already above the project's comfortable capacity of 300,000. If passengers' comfort will be a target along with eliminating the deficit, what price per ride must it charge if it cannot reduce cost? How will the new price affect the revenue of ticket rides

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