A decrease in gas prices will make the demand rise for some commuters to commute in their own personal vehicles, there will be little or no changes in the prices of the commuter rail tickets. Because most consumers don’t have a choice to how they commute, such as the elderly, individuals with no licenses, etc.… commuter rails are normally in big metropolitan’s and thousands of people are without transportation, so they ride the commuter rails. The price elasticity of demand on the commuter rail happens because it’s an accessible supernumerary of service, which is in the consumer’s budget. Now, when the price of gas
A decrease in gas prices will make the demand rise for some commuters to commute in their own personal vehicles, there will be little or no changes in the prices of the commuter rail tickets. Because most consumers don’t have a choice to how they commute, such as the elderly, individuals with no licenses, etc.… commuter rails are normally in big metropolitan’s and thousands of people are without transportation, so they ride the commuter rails. The price elasticity of demand on the commuter rail happens because it’s an accessible supernumerary of service, which is in the consumer’s budget. Now, when the price of gas