Solved

As Cities Prospered and Per-Capita Incomes Increased, the Demand for Bus

Question 112

Multiple Choice

As cities prospered and per-capita incomes increased, the demand for bus travel diminished. This suggests that:


A) cities could raise revenue by increasing bus fares.
B) the demand for bus travel is price elastic.
C) bus travel and automobile travel are complements.
D) bus travel is an inferior good.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions