Raise the rates of the fines in order to increase the revenue per fine.
76% (29 votes)
Lower the rates of the fines in order to increase the number of fines.
24% (9 votes)
Total votes: 38
Understanding the effects of price variations on quantity demanded and revenue.
Understanding the concept of price-elasticity of demand.
Understanding the similarities and differences between a tax and a fine.
Understanding the concept of the Laffer curve.
Applying the concept of the Laffer curve to traffic fines.