Post on 08-Jan-2016
description
7/17/2019 Tuition Friday
http://slidepdf.com/reader/full/tuition-friday 1/1
ai) With reference to Fig 1, state the relationship between householdincome and proportion spent on public transport
[1]
aii) Identify the evidence in Fig 1 that may be used to explain the
above relationship[1]
bi) xplain the relevance of price and income elasticity of demandto the taxi operators in their decision to increase fares
[!]
bii) xplain the relevance of price and cross elasticity of demand tothe "#$ in evaluating the most recent applications for bus andtrain fare increases [!]
biii) %uggest two possible limitations that both the taxi operators
and the "#$ may face when using elasticity concepts to helpthem ma&e decisions' [!]
c) #o what extent are the fare structures in #able ( examples ofprice discrimination
[*]
d) +iscuss whether the use of $s and -" are the best measuresfor %ingapore in ensuring smooth .owing roads [1/]