Long-Distance Travel by Bus Is an Inferior Good

question 56

Multiple Choice

Long-distance travel by bus is an inferior good. As people's incomes increase and other things remain the same, you predict that the

• A) price of long-distance travel by bus will fall and the demand for long-distance travel by bus will increase.
• B) price of long-distance travel by bus will fall.
• C) demand for long-distance travel by bus will decrease and the price will rise.
• D) demand for long-distance travel by bus will increase as the price of long-distance travel by bus falls.

---

Definitions:

Evaluations

The process of assessing or judging the performance, qualities, or value of someone or something.

Behaviourally Anchored Rating Scale

A scale that uses specific descriptions of actual behaviours to rate various levels of performance.

Performance Appraisal

The systematic evaluation of employee performance against set objectives, often used as a basis for decisions on promotions, bonuses, and developmental needs.

Actual Behaviours

The observable actions or reactions of individuals or groups in response to their environment or stimuli.