Long-distance travel by bus is an inferior good. As peopleʹs incomes increase and other things remain the same, you predict that the
A) demand for long-distance travel by bus will increase as the price of long-distance travel by bus falls.
B) price of long-distance travel by bus will fall and the demand for long -distance travel by bus will increase.
C) price of long-distance travel by bus will fall.
D) demand for long-distance travel by bus will decrease and the price will rise.
Correct Answer:
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