fare sensitivity

USAGE SUMMARY

The phrase "fare sensitivity" is correct and usable in written English.
It can be used in contexts related to pricing, travel, or economics, particularly when discussing how changes in fare affect consumer behavior or demand. Example: "The airline's fare sensitivity analysis revealed that a slight decrease in ticket prices could significantly increase passenger numbers."

✓ Grammatically correct

Science

News & Media

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

First, serum Cav1 might be a novel biomarker in the diagnosis of IPAH with fare sensitivity and good specificity.

BioMed Research International

By using serum Cav1 level 17.17 pg/mL as cutoff value in the diagnosis of IPAH, there were fare sensitivity (0.6) and good specificity (1.0)).

BioMed Research International

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

A reasonable approximation for how this program might fare would be to look at the sensitivity of ICERs to changes in vaccination cost.

Emerging Infectious Diseases

Standard fare.

The New York Times - Books

(Fare Compare).

The New York Times

Stellar fare.

The New York Times - Arts

No fare.

The New Yorker

Sensitivities have been heightened since 2008, when Edwin Thomas, a bus driver in Brooklyn, was stabbed to death by a passenger after an argument over the fare.

The New York Times

Sensitivity is optional.

The New York Times - Magazine

He also has sensitivity.

The New Yorker

Both increase insulin sensitivity.

The New York Times - Health

Expert writing Tips

Best practice

When discussing pricing strategies in transportation or travel, use "fare sensitivity" to analyze how changes in price might affect ridership or sales. Understanding this concept is vital for optimizing revenue.

Common error

Avoid using "fare sensitivity" interchangeably with "fare elasticity" without understanding the nuances. Elasticity is a more precise economic measure, while sensitivity is a broader term that indicates general responsiveness.

Linguistic Context

The phrase "fare sensitivity" functions as a noun phrase, typically acting as a subject or object in a sentence. As Ludwig AI suggests, it refers to the degree to which demand changes in response to changes in fares.

Expression frequency: Rare

Frequent in

Science

50%

News & Media

50%

Formal & Business

0%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "fare sensitivity" is a noun phrase referring to the degree to which demand changes in response to fare changes, often used in economics, transportation, and travel contexts. Ludwig AI confirms its correct usage in English. While relatively uncommon, it's important for pricing strategies. Related phrases include "price elasticity of demand" and "sensitivity to fare changes". A key writing tip is to differentiate it from fare elasticity, which is a more precise economic measure. Analyzing authoritative sources, it has been seen that it is most used in scientific content.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

fare price sensitivity

Highlights the concept of sensitivity but specifies the price.

travel fare sensitivity

Highlights the concept of sensitivity but specifies the travel.

sensitivity to fare changes

Highlights the sensitivity or reaction to changes in fares.

demand sensitivity to fare

Highlights the concept of demand but specifies the fare.

price elasticity of demand

Focuses on the economic concept of how demand changes in response to price variations, a more technical term.

demand responsiveness to fares

Emphasizes how demand reacts specifically to changes in fares, highlighting the direct relationship.

fare elasticity

A shorter, more concise term focusing on the elasticity of fares.

responsiveness to fare levels

Focuses on how people respond to different levels or prices of fares.

consumer fare reaction

Highlights consumer's reaction with respect to the fare.

price point sensitivity

Focuses on how sensitive consumers are to specific price points of fares.

FAQs

What does "fare sensitivity" mean in the context of travel?

In travel, "fare sensitivity" refers to how much demand for travel changes in response to changes in the price of fares. High "fare sensitivity" means that even small fare changes can significantly impact travel demand.

How can businesses use information about "fare sensitivity"?

Businesses, especially in the transportation industry, can use knowledge of "fare sensitivity" to optimize pricing strategies. Understanding how sensitive customers are to fare changes helps in setting prices that maximize revenue without deterring customers.

What's a good alternative to "fare sensitivity"?

Depending on the context, you can use alternatives like "price elasticity of demand", "sensitivity to fare changes", or "demand responsiveness to fares".

How does "fare sensitivity" differ from "price sensitivity"?

"Fare sensitivity" is a specific application of "price sensitivity", focusing specifically on fares in the context of transportation or travel. Price sensitivity is a broader term that applies to any product or service.