If Consumersʹ Incomes Increase and the Demand for Bus Rides

question 103

Multiple Choice

If consumersʹ incomes increase and the demand for bus rides decreases

• A) consumers are behaving irrationally.
• B) bus rides are a normal good.
• C) bus rides are an inferior good.
• D) none of the above

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Definitions:

Collective Unconscious Theory

Carl Jung's concept that posits the existence of a shared, inherited reservoir of memories from our ancestors.

Social Drift Theory

A theory suggesting that individuals with severe mental illness tend to move downward in social class, contributing to or exacerbating their conditions.

Endophenotype

A measurable component unseen by the unaided eye along the pathway between disease and distal genotype, helping to link genetic mutations to complex behaviors.

Vulnerability Markers

Genetic, biochemical, or psychological traits that can make an individual more susceptible to developing certain disorders or diseases.