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Author Question: As the income of bus riders increased, the wages of bus drivers increased simultaneously. How does ... (Read 222 times)

abarnes

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on: Jul 1, 2018
As the income of bus riders increased, the wages of bus drivers increased simultaneously. How does this affect the market for bus rides (inferior good)?
 a. The demand curve will shift to the left; the supply curve will shift to the left
  b. The demand curve will shift to the left; the supply curve will shift to the right
  c. The demand curve will shift to the right; the supply curve will shift to the left
  d. The demand curve will shift to the right; the supply curve will shift to the right

Question 2

Launching the simplified version would be a mistake for probabilities less than ___?
 a. 0.6
  b. 0.7
  c. 0.8
  d. 1.0


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amandalm

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


abarnes

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Reply #2 on: Jul 1, 2018
Thank you


amandalm

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Reply #3 on: Jul 1, 2018
No problemo


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