Assuming That Bus Travel Is an Inferior Good, an Increase

question 8

Multiple Choice

Assuming that bus travel is an inferior good, an increase in consumer income, other things being equal, will cause

• A) an upward movement along the demand curve for bus travel.
• B) a downward movement along the demand curve for bus travel.
• C) a rightward shift in the demand curve for bus travel.
• D) a leftward shift in the demand curve for bus travel.

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Definitions:

Heat Energy

Energy that results from the random movement of atoms, ions, or molecules; the greater the amount of heat energy in an object, the higher the object’s temperature.

Reversible Reactions

Chemical reactions that can proceed in both the forward and backward directions under certain conditions, achieving a state of equilibrium.

Exchange Reaction

A chemical reaction where parts of two reacting molecules are interchanged to produce new products.

Synthesis Reaction

A process where multiple substances merge to create a compound that is more complex.