The Demand for a Subway Ride Is Probably ___________________ Than

question 134

Multiple Choice

The demand for a subway ride is probably ___________________ than is the demand for a car because ___________________.

• A) less price elastic; a subway ride requires a smaller portion of one's income
• B) more price elastic; a subway ride requires a smaller portion of one's income
• C) less price elastic; people will take a longer time to adjust to the change in the price of a subway ride
• D) more price elastic; people will take a longer time to adjust to the change in the price of a subway ride.

---

Definitions:

Import Competition

The competition that domestic firms encounter from the products and services of foreign producers.

Unionization Rates

The proportion of employees in a specific industry or economic sector who belong to trade unions.

African Americans

A racial or ethnic group in the United States with origins in any of the black racial groups of Africa.

Transportation Workers

Individuals employed in sectors responsible for moving goods and people, including drivers, pilots, and conductors.