7/17/2019 Tuition Friday

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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/]