This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: As the income of bus riders increased, the wages of bus drivers increased simultaneously. How does ... (Read 164 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
on: Jul 1, 2018
As the income of bus riders 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

Launching the simplified version would be a mistake for probabilities less than ___?
 a. 0.6
  b. 0.7
  c. 0.8
  d. 1.0


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amandalm

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


abarnes

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jul 1, 2018
Thank you


amandalm

  • Sr. Member
  • ****
  • Posts: 306
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
The Abecedarian study was designed to help very low-income African American children prepare for ... The Abecedarian study was designed to help very low-income African American children prepare for ...
Mechanisms of action of adrenergic agonists: (1) stimulation of the release of NE; (2) increased ... Mechanisms of action of adrenergic agonists: (1) stimulation of the release of NE; (2) increased ...
Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ... Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ...
Income per Capita versus Inequality Income per Capita versus Inequality
Intergenerational Income Mobility in the United States Intergenerational Income Mobility in the United States
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library