[article] Rail Users in Ireland paying more for a weaker service

ACustomer · 29-01-2008, 16:30

OK, I agree that you should allow price to reflect demand. However if you observe that trains up from Limerick are full, and that fares are relatively low, maybe the trains are full because the fares are low. While pricing might respond to demand, the quantity of seats demanded responds to price.

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29-01-2008, 16:30	#1
ACustomer Really Regular Poster Join Date: Jan 2006 Posts: 767	OK, I agree that you should allow price to reflect demand. However if you observe that trains up from Limerick are full, and that fares are relatively low, maybe the trains are full because the fares are low. While pricing might respond to demand, the quantity of seats demanded responds to price.