Assume that in Dnipro electric public transport (trams and trolleybuses) decided to increase prices for tickets. Try to plot the graphs to demonstrate changes on the markets of -         route buses (“marshrutka”) -         taxi services; -         trains. Note: Don’t forget to explain graphs, paying attention to price and quantity.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
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Assume that in Dnipro electric public transport (trams and trolleybuses) decided to increase prices for tickets. Try to plot the graphs to demonstrate changes on the markets of

-         route buses (“marshrutka”)

-         taxi services;

-         trains.

Note: Don’t forget to explain graphs, paying attention to price and quantity.

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