According to the results above, it can be seen:
gPublic transport demand has elasticity to price. When bus price descends every 1%, public transport
demand increases 1.8938%. It declares that low-price strategy in Beijing has effect on attractting more
travelers to travel by public transport.
gThe demand price elasticity between public transport and car is negative, and the relationship
between public transport and car is complementary. Low-price strategy in Beijing has not attracted car
travelers, and it means the strategy has not achieved the original purpose.
gThe demand price elasticity between public transport and bicycle is positive, and the relationship
between public transport and bicycle is substitutability. Low-price strategy in Beijing has attracted a large
number of bicycle travelers turning to bus, and public transport substitutes bicycle. It means the strategy
has achieved the purpose.