Ridership on the MBTA surged 6.2 percent in the first three months of 2008 compared with the start of 2007, a spike the general manager today attributed to "scary" gas prices that could help set an annual record for trips on subways, trains, and buses. The steep increase in customers put the Massachusetts Bay Transportation Authority ahead of other transit systems, which have seen ridership spikes of 2 to 4 percent so far this year, according to Daniel Grabauskas, the MBTA general manager.
The steep increase in customers put the Massachusetts Bay Transportation Authority ahead of other transit systems, which have seen ridership spikes of 2 to 4 percent so far this year, according to Daniel Grabauskas, the MBTA general manager.
you are the media you consume.
The elasticity of demand for gasoline the week following a price increase is very, very low. The elasticity of demand for gasoline a year after a sustained price increase, not quite as low. Five years following the onset of a sustained price increase, it could well be elastic. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
