If total consumer expenditures (in dollars) for bus ...

[lunatika]

If total consumer expenditures (in dollars) for bus transportation were to increase when the price of bus transportation was raised, the demand for bus transportation probably
 
  A) had decreased.
  B) had increased.
  C) violated the law of demand.
  D) was elastic.
  E) was inelastic.

Question 2

In light of higher gas prices, Skip Miles asks himself if it's worth keeping his 10 cylinder Chevy Suburban. His concern is ultimately about
 
  A) engineering efficiency.
  B) economic efficiency.
  C) technical efficiency.
  D) environmental efficiency.

[amcvicar]

Answer to Question 1

E

Answer to Question 2

B