Elasticity of Demand for Bus Services Is 0

Multiple Choice

Elasticity of demand for bus services is 0.23 for the peak hours and 0.42 for off-peak hours. The same percentage increase in price would:

A) lower revenues for both, but more for peak hours.
B) raise revenues for both, but more for peak hours.
C) raise revenue for peak hours but lower revenue for off-peak hours.
D) lower revenue for peak hours but raise revenue for off-peak hours.