Understanding Prime Fare: How Peak Pricing Affects Public Transportation
Discover what Prime Fare is and how it impacts public transport pricing during peak travel times.
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Prime Fare refers to a fare calculation method used in public transportation where the cost is typically higher during peak travel times. This helps manage demand and reduce congestion by encouraging travel during off-peak hours.
FAQs & Answers
- What does 'prime fare' mean in public transport? Prime Fare is a fare calculation method where transportation costs are higher during peak travel times to manage demand.
- How does peak pricing affect travelers? Peak pricing encourages travelers to use public transport during off-peak hours, helping reduce congestion.
- What are the benefits of implementing prime fare pricing? Benefits include reduced congestion, better resource management, and enhanced capacity during high-demand periods.
- Can prime fare be used in other industries? Yes, similar peak pricing strategies can be deployed in sectors like airlines and hotels to manage demand.