As the income for bus consumers increased, the wages of bus ...

[Engineer]

As the income for bus consumers 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

The constant or intercept term in a statistical demand study represents the quantity demanded when all independent variables are equal to:
 a. 1.0
  b. their minimum values
  c. their average values
  d. 0.0
  e. none of the above

[6ana001]

Answer to Question 1

b

Answer to Question 2

d