If Income Increases and the Demand for Bus Rides Decreases,then

question 76

Multiple Choice

If income increases and the demand for bus rides decreases,then

• A)consumers are behaving irrationally.
• B)bus rides are an inferior good.
• C)bus rides must be a complement good with some other good.
• D)bus rides are a normal good.
• E)bus rides are a substitute good.

Compare different financial scenarios to make informed financial decisions.

Calculate the future value of savings plans with varying interest rates and compounding periods.

Understand the implications of compound interest on savings and loans.

Calculate the future value of ordinary general annuities.

---

Definitions:

Aggressiveness

A behavioral trait characterized by the propensity to initiate hostile or violent actions, often as a way of coping with stress or frustration.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including activities undertaken while working, playing, carrying out household chores, traveling, and engaging in recreational pursuits.

Talking Rapidly

The act of speaking very quickly, which can be a symptom of certain psychological conditions or extreme emotional states.

Dressing Flamboyantly

The act of wearing bright, bold, and extravagant clothing that attracts attention.