--%>

Students Rail Fares-Bransons good deed

‘Are rail companies being sympathetic to students in providing cheaper fares with young person’s rail-cards?’

E

Expert

Verified

Building an understanding of price determination providing differing market power, demand curves, and price discrimination.

   Related Questions in Microeconomics

  • Q : Definition of Featherbedding Can

    Can someone help me in finding out the right answer from the given options. The Featherbedding is: (i) Practiced by the migratory ducks and geese merely. (ii) Practiced by the female song birds each and every spring. (iii) Rousingly substituted by the water-bedding. (

  • Q : Formation of a cartel This would be

    This would be easiest to form a cartel between: (w) retail grocers. (x) aluminum producers. (y) dairy farmers. (z) domestic marijuana producers. Can anybody suggest me the proper explanation for given problem regar

  • Q : Demand for a poorer good Household’s

    Household’s demand for a poorer good tends to fall if: (1) Supplies of complementary goods increase. (2) Prices of alternate goods increase. (3) Family income rises. (4) Its own price drops/falls. Can someone

  • Q : Production possibility history of World

    Can someone help me in determining the right answer from the given options. Through the onset of World War-II, the United States: (i) Expanded the military output just by increases taxes rigorously. (ii) Moved in the direction of its production possibilities frontier.

  • Q : Constant price in economic rent

    Economic rent is: (1) determined by the supply side. (2) independent of the strength of demand. (3) received whenever owners receive a constant price for a resource that supply curve is upward sloping. (4) included in society's opportunity costs of pr

  • Q : Function of money in economy State the

    State the main function of money in economy? Answer: The major function of money in an economic system is to ease the exchange of services and goods.

  • Q : When is the DVD sale increased most

    DVD sales are most probably to rise over the long run when the: (w) supply of live entertainment rises. (x) government imposes stiff taxes upon video tapes. (y) technology carries on to advance. (z) prices of theater tickets fall.

  • Q : Purely competitive model for analyzing

    The purely competitive model: (w) is characteristic of many actual U.S. market structures. (x) analyzes a type of economy which is now extinct. (y) is a helpful abstraction from actuality for analyzing firms’ behavior. (z) proves which modern ca

  • Q : Effect on tax burdens by price

    When the price elasticity of demand for wine as 2.5, in that case rise in the excise tax which raises its price will be: (w) increase total spending upon wine. (x) reduce total spending upon wine. (y) not influence wine consumption. (

  • Q : Small market capitalization Why would

    Why would stocks perform better in the month of January than other months of the year, and discuss whether small market capitalization companies outperform large capitalization companies in the short to medium term?