If Bus Travel Is an Inferior Good, Then Its Income

question 77

Multiple Choice

If bus travel is an inferior good, then its income elasticity of demand will be

• A) strictly greater than one.
• B) positive.
• C) equal to zero.
• D) negative.

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Census

An official count or survey of a population, detailing its size and composition.

Educated

Having received instruction or acquired knowledge and skills in particular subjects or fields, typically through formal schooling or self-study.

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A headscarf worn by many Muslim women who feel it is part of their religion, representing modesty, privacy, and morality.

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Treated unfairly or prejudicially, often based on race, age, sex, nationality, or other characteristics, rather than individual merit.