What can you conclude about elasticity of demand for rail service:
Rail service has always been a losing proposition in Canada. Regardless of how much we raise our prices, we will never earn enough revenue to earn a profit.
This is confusing because I don't know if they are saying if revenue is actually going up or not. If it is, then it's inelastic for sure.
high school economics - elasticity - mary, Tuesday, April 20, 2010 at 6:06am
i have no idea what your talking about