If Income Increases and the Demand for Bus Rides Decreases

question 314

Multiple Choice

If income increases and the demand for bus rides decreases,

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

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Definitions:

Primary Process Thinking

A mode of thought in which the unconscious mind operates without logical or temporal constraints, often seen in dreams or early stages of childhood development.

Secondary Process Thinking

A mature type of thought process that includes logical thinking and the consideration of reality, often associated with conscious thoughts and problem-solving strategies.

Agreeableness

A personality trait characterized by being kind, empathetic, cooperative, and considerate of others.

Conscientiousness

A personality trait characterized by organization, responsibility, and dependability.