Business

17 May, 01:01

Assuming that bus travel is an inferior good, an increase in consumer income, other things being equal, will cause a. an upward movement along the demand curve for bus travel. b. a downward movement along the demand curve for bus travel. c. a rightward shift in the demand curve for bus travel. d. a leftward shift in the demand curve for bus travel.

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Assuming that bus travel is an inferior good, an increase in consumer income, other things being equal, will cause a. an upward movement ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Gracie has an offer to buy an item with a sticker price of $5700 by paying $170 a month for 48 months.

Piper owns a vacation cabin in the Tennessee mountains. Without consider-ing the cabin, she has gross income of $65,000. During the year, she rents the cabin for two weeks for $2,500 and uses it herself for four weeks.

Service employees at the airlines' flight cancellation desks frequently encounter travelers who get emotional about canceled or delayed flights. The first thing these employees should do is toa. listen to the customer. b. contact a supervisor. c.

What are the primary assets of credit unions ? A. Mortgages comma stocks comma bonds comma and real estate. B. Car loans and consumer debt comma business loans comma government securities comma mortgages. C.

Bento, Inc. had 500,000 shares of common stock outstanding before a stock split occurred, and 1,500,000 shares outstanding after the stock split. The stock split was a) 3-for-1 b) 2-for-5 c) 5-for-1 d) 1-for-5

New Questions in Business

Macy Corporation's relevant range of activity is 5100 units to 11,500 units. When it produces and sells 8300 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 5.00 Direct labor $ 3.

Pat, the buyer's agent, was told by the prospective buyer to present an offer of $150,000 with the promise that he would increase it to $152,000 if the seller rejected $150,000. Pat must a.

Stayman Co. declared a 30% stock dividend. This transaction A) Increases total equity and retained earnings. B) Decreases total equity and retained earnings. C) Has no effect on total equity or retained earnings.

Which of the following are the 5 characteristics of objectives? A. quantitative, understandable, challenging, compatible, qualitative B. qualitative, understandable, challenging, compatible, obtainable C.

In an initial survey designed to estimate the percentage of time air-express cargo loaders are idle, an analyst found that loaders were idle in 6 of the 45 observations. a. What is the estimated percentage of idle time?