The problem belongs to economics mainly to micro-economics, Microeconomics

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The problem belongs to economics mainly to micro-economics

Problem-

If RTA increases the bus-fare from Abu Dhabi to Dubai, then what will happen to their revenue? [Hint: the demand curve is inelastic] Explain your answer with help of a diagram.

Additional Information-

The problem belongs to Economics, mainly to Micro-economics and it explain, if bus fares from Abu Dhabi to Dubai increase, what will happen to the revenue of RTA. This has been explained in the answer.

Word limits- 250

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Microeconomics: The problem belongs to economics mainly to micro-economics

Reference No:- TGS01105557

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Microeconomics: The problem belongs to economics mainly to micro-economics

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