This represents around a -20% elasticity of demand, which is at the lower end of international studies (10% lower fares gives 2% more passengers).
FWIW, service improvement are estimated around 60% to 90% in the short term (i.e., doubling service frequencies gives you 60-90% more passengers).
FWIW, service improvement are estimated around 60% to 90% in the short term (i.e., doubling service frequencies gives you 60-90% more passengers).
Reposted from
ABC News Bot (unofficial)
Public transport patronage is up nearly 20 per cent since the launch of 50c fares, new data shows.
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