For People Who Live near a Bus Route, a Subway

question 198

Multiple Choice

For people who live near a bus route, a subway station, or a commuter rail line, public transportation provides a substitute to driving their own cars.So, for these people, the cross-price elasticity of demand between gasoline and public transportation is

• A)positive.
• B)negative.
• C)zero.
• D)infinity.

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Definitions:

Formal

Pertains to actions, processes, or appearances that follow established rules, conventions, or procedures, often in professional or official contexts.

Independent

Not influenced or controlled by others; operating freely.

Reward Power

A form of power that stems from the ability to bestow rewards on others, often used as a motivational tool in various contexts, including leadership and management.

Special Bonuses

Additional rewards or compensation offered beyond what is standard, often used to incentivize or reward.