Bus services often offer lower prices for students and pensioners because:
A) they have a more inelastic demand for bus services.
B) its the right thing to do morally.
C) they have a higher elasticity for bus services than the adult working population.
D) they have a higher willingness to pay.

Question

Quizplus · Accepted Answer

Students and pensioners tend to have more flexibility with their schedules and transportation options, giving them a higher elasticity for bus services than the adult working population. As a result, bus services offer lower prices to entice them to choose their services.

Bus Services Often Offer Lower Prices for Students and Pensioners