Weekend Train Travel Costs Less Than Weekday Train Travel

question 9

Multiple Choice

Weekend train travel costs less than weekday train travel.If the supply of train service remains the same between weekdays and weekends,then the most likely explanation for this difference in price is that the weekend

• A)demand curve is to the left of the weekday demand curve.
• B)demand curve is to the right of the weekday demand curve.
• C)demand curve is random.
• D)supply curve is to the right of the weekday supply curve.
• E)supply curve is to the left of the weekday supply curve.

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Definitions:

Free-Market Global Economy

An economic system where prices for goods and services are determined by the open market and consumers, operating on a global scale without restrictive regulations.

Private Ownership

The legal right of individuals or entities to possess, use, and dispose of property without many restrictions from government entities.

Public Property

Assets owned by the government (local, state, or federal) that are dedicated for public use and benefit.

Ecocentrist

An individual or philosophy that places intrinsic value on all living organisms and their natural environment, emphasizing the importance of ecological balance.