If Bus Fares Fall but Fewer People Are Riding the Bus

question 2

Multiple Choice

If bus fares fall but fewer people are riding the bus, it is likely that

• A) the bus company is incompetent.
• B) demand decreased.
• C) supply decreased.
• D) demand increased.
• E) supply increased.

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Definitions:

Time Commitment Costs

The expenses associated with the amount of time required to complete a task or project, considering how that time could have been spent on other activities.

Union Suppression

Involves actions or strategies employed by employers to prevent or diminish the power of labor unions within their organization.

Nonunion

Refers to workplaces or employees not affiliated with a labor union, often implying a lack of collective bargaining for rights and wages.

Intimidate Workers

The act of frightening or overawing employees, potentially to discourage them from taking certain actions or asserting their rights.