Meaning Fare elasticity
What does Fare elasticity mean? Here you find 4 meanings of the word Fare elasticity. You can also add a definition of Fare elasticity yourself
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Fare elasticityThe extent to which ridership responds to fare increases or decreases.
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Fare elasticityThe elasticity of transit demand D with respect to transit fare f, defined as the percent change in demand with respect to the percent change in fare, or eD|f = (dD/D)/(df/f), has been found to be abo [..]
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Fare elasticity The extent to which ridership responds to fare increases or decreases.
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Fare elasticity The extent to which ridership responds to fare increases or decreases.
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