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Author Question: For a good to be nonrival, then A) one person's consumption of that good does not decrease ... (Read 89 times)

RRMR

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on: Jun 29, 2018
For a good to be nonrival, then
 
  A) one person's consumption of that good does not decrease another person's consumption of that good.
  B) a person cannot be prevented from consuming that good even if he or she did not pay for it.
  C) a person is willing to pay any price to ensure that the product is available.
  D) a person is not willing to pay for the good because even without paying for it, the person can consume the good anyway.

Question 2

Long-distance travel by bus is an inferior good. As people's incomes increase and other things remain the same, you predict that the
 
  A) price of long-distance travel by bus will fall and the demand for long-distance travel by bus will increase.
  B) price of long-distance travel by bus will fall.
  C) demand for long-distance travel by bus will decrease and the price will rise.
  D) demand for long-distance travel by bus will increase as the price of long-distance travel by bus falls.


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leahm14

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


RRMR

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Reply 2 on: Jun 29, 2018
:D TYSM

at

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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