An increase in the income of bus riders, accompanied by a simultaneous increase in the wages of the bus drivers causes, the price for bus rides(an inferior good) _____________ and the quantity demanded for bus rides ____________.
a. Decreases; decreases
b. Increase; increases
c. Uncertain, Decreases
d. Uncertain, Increases
Question 2
You increase the advertising intensity for your product in market A but not in market B. Sales in A rise from 1140 to 1180 units per week while sales in B fall from 1270 to 1230 . The Difference-in-difference estimate of the effect of the increased advertising is:
a. 0 units
b. 80 units
c. 100 units
d. 120 units
The Head Start program was designed to increase the school readiness of low-income children.
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