Author Question: If total consumer expenditures (in dollars) for bus transportation were to increase when the price ... (Read 61 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
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

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

E

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The average adult has about 21 square feet of skin.

For a complete list of videos, visit our video library