Author Question: Assuming that bus travel is an inferior good, an increase in consumer income, other things being ... (Read 103 times)

Shelles · **on:** Jun 30, 2018

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

Question 2

Assuming that bus travel is an inferior good, a decrease in consumer income, other things being equal, will cause:
a. a downward movement along the demand curve for bus travel.
b. no change in the demand curve for bus travel.
c. an upward movement along the demand curve for air travel.
d. a rightward shift in the demand curve for bus travel.