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.

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Definitions:

Classified Documents

Official documents that have been designated as confidential, secret, or top secret, and require authorization for access due to their sensitive nature.

Federal Government

A system of government where sovereignty is constitutionally divided between a central governing authority and subnational entities, such as states or provinces.

Privatization

The process of transferring ownership of a business, enterprise, agency, public service, or public property from the government to private individuals or organizations.

Youth Detention Center

A facility where juveniles are held temporarily in custody while awaiting court judgment or placement in long-term care facilities.