The Demand for a Subway Ride Is Likely _____ Price

question 79

Multiple Choice

The demand for a subway ride is likely _____ price elastic than the demand for a car because _____.

• A) less; a subway ride requires a smaller portion of one's income
• B) more; a subway ride requires a smaller portion of one's income
• C) less; consumers will take a longer time to adjust to a change in the price of a subway ride
• D) more; consumers will take a longer time to adjust to a change in the price of a subway ride

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Definitions:

Essential Job Skills

The abilities and knowledge needed to perform specific tasks related to a job effectively.

Career Options

Various paths or opportunities available for professional growth and progression in one’s field or sectors of interest.

Assess Themselves

The process by which individuals evaluate their own abilities, performances, and qualities, often in a professional or personal context.

Career Counsellors

Professionals who help individuals assess their interests, skills, and values to explore career options and make informed career decisions.