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Author Question: If spending on motoring as a percentage of household expenditure rises as income rises, this shows ... (Read 63 times)

mydiamond

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on: May 25, 2020

Question 1

What is likely to be the cross elasticity of demand between car travel and train fares?
◦ high and negative
◦ low and negative
◦ high and positive
◦ low and positive

Question 2

If spending on motoring as a percentage of household expenditure rises as income rises, this shows that motoring is
◦ an inferior good.
◦ a superior good.
◦ environmentally damaging.
◦ a potential public good.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by mydiamond on May 25, 2020

Leostella20

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mydiamond

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

frankwu0507

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Reply 3 on: Yesterday
Excellent

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