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.

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Definitions:

Basic Premise

The fundamental idea, concept, or assumption that is accepted as true and upon which arguments or theories are based or from which conclusions are drawn.

Adlerian Counseling

A therapeutic approach based on the theories of Alfred Adler, focusing on creating feelings of community and enhancing an individual's sense of belonging and significance.

Social Interest

A concept in psychology that refers to the individual's inclination towards being part of and contributing to the welfare of the community, seeing personal health in the context of societal well-being.

Egalitarian Relationship

An Egalitarian Relationship in therapy denotes a partnership where the therapist and client work collaboratively, valuing each other’s contributions equally.