Multiple Choice
Assuming that bus travel is an inferior good, a decrease in consumer income, other things being equal, will cause
A) a downward movement along the demand curve for bus travel.
B) no change in the demand curve for bus travel.
C) an upward movement along the demand curve for air travel.
D) a rightward shift in the demand curve for bus travel.
Correct Answer:
Verified
Correct Answer:
Verified
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