​As the Income of Bus Riders Increased,the Wages of Bus

question 24

Multiple Choice

​As the income of bus riders increased,the wages of bus drivers increased simultaneously.How does this affect the market for bus rides (inferior good) ?

• A)​The demand curve will shift to the left;the supply curve will shift to the left
• B)The demand curve will shift to the left;the supply curve will shift to the right
• C)The demand curve will shift to the right;the supply curve will shift to the left
• D)​The demand curve will shift to the right;the supply curve will shift to the right

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Definitions:

Collection Float

The time interval between when a check is deposited in a bank and when the funds are made available.

Zero-Balance Account

A type of bank account that maintains a balance of zero by automatically transferring funds from a master account in exact amounts to cover charges or checks presented.

Master Account

A primary account in financial management that holds funds or securities and from which transactions can be made.

Cash Management

The strategy of collecting, managing, and investing cash in a way that enables the company to meet its financial obligations while maximizing liquidity.