Cheak Ming SECTION A: QUESTIONS 1. Class: 4 (26) 85 (a) Gasoline prices in Hong Kong have been increasing rapidly. On the other hand, the network of the mass transit railway is becoming more and more convenient. With the aid of a diagram, explain under what circumstance would the above lead to an increase in the fares of mini-bus services. (b) Suppose the effective quota on imported cars is reduced. Explain under what condition the total spending on the imported cars would increase.