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    Foundations of Macroeconomics
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    Exam 4: Demand and Supply
  5. Question
    If Income Increases and the Demand for Bus Rides Decreases
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If Income Increases and the Demand for Bus Rides Decreases

Question 314

Question 314

Multiple Choice

If income increases and the demand for bus rides decreases,


A) bus rides are a normal good.
B) consumers are behaving irrationally.
C) bus rides are an inferior good.
D) bus rides are a substitute good.
E) bus rides must be a complement good with some other good.

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