Charles Sumner: “A reduction of the fee in the ratio of four to one was followed by an…”

On the record

A reduction of the fee in the ratio of four to one was followed by an increase of visitors in the ratio of more than eight to one.

Said by

Massachusetts

Source

Sumner provides an example of how reducing fees led to a significant increase in visitors, illustrating the principle of price elasticity.

More from Charles Sumner

Slave Power, necessity of political action against the, II. 207.

Slavery and the: speech in New York, XI. 433.

Contrary to Christianity, but upheld by the Church, I. 54, 58.

His loyalty to the Declaration of Independence, XIX. 317.

Other voices in this conversation

Charles Sumner: “A reduction of the fee in the ratio of four to one was followed by an increase of visitors in the ratio of more than…”