Examlex
Assuming that bus travel is an inferior good, an increase in consumer income, other things being equal, will cause a(n) :
Centralized
The concentration of control or authority in a single organization or location, often in the context of decision-making processes.
Hierarchy Of Authority
An organizational structure where different levels of power and responsibility determine how decisions are made and tasks are assigned.
Centralization
The degree to which decision-making authority is concentrated at higher levels within an organization.
Environmental Factors
External elements, conditions, or influences that impact an individual's behaviors, decisions, and wellbeing.
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