Suppose Inter-City Bus Travel Is a Substitute for Transportation by Train

question 329

Multiple Choice

Suppose inter-city bus travel is a substitute for transportation by train. Which of the following could then be true?

• A) The cross elasticity between bus and train travel could equal 0.65.
• B) The cross elasticity between bus and train travel could equal 1.0.
• C) The cross elasticity between bus and train travel could equal 1.25.
• D) All of the above could be true.

---

Definitions:

Politeness

The act of showing consideration for others through manners, respectful language, and behavior.

Nonverbal Cues

Communication expressed through body language, facial expressions, gestures, posture, and other physical behaviors rather than words.

Spoken Words

Oral communication or speech, as opposed to written text.

Visual Aids

Materials or tools that assist in enhancing the understanding or retention of information through visual representation.