Amass transit authority charges bus fares of $1.25 during morning rush hours but only $1.00 during late morning non-rush hours. economists explain the fare difference by the fact that the demand for bus rides during the morning rush hours is but during the late morning it is
more elastic; more inelastic
perfectly elastic; perfectly inelastic
more inelastic; more elastic
unitarily elastic; relatively inelastic

The correct answer is more inelastic; more elastic.

Explanation:

Inelastic demand is that demand that is not very sensitive to a change in price. In this way, before a variation in the price the quantity demanded reacts in a less than proportional way. For example, if the price increases by 10% and in response the quantity demanded is reduced by less than 10%, then the demand is said to be inelastic.

The elasticity of demand, also known as the elasticity-price of demand, is defined as the percentage change of the quantity demanded before a percentage change in the price.

An elastic demand is that demand that is sensitive to a change in price. In this way, a small variation in the price causes a more than proportional change in the quantity demanded. Thus, for example, if the price increases by 10% and in response the quantity demanded is reduced by more than 10%, then the demand is said to be elastic.

there is a app that you show the question and it anwsers it in the app store

answer; ///i believe the correct answer is (c) laissez-faire;