If the price of automobiles were to decrease substantially,the demand curve for public transportation would most likely
A)shift rightward.
B)shift leftward.
C)remain unchanged.
D)remain unchanged while quantity demanded would change.

Question

Quizplus · Accepted Answer

When the price of automobiles decreases substantially, the demand for public transportation is likely to decrease because people would be more likely to opt for using their own vehicles rather than public transportation. This would result in a leftward shift in the demand curve for public transportation.

If the Price of Automobiles Were to Decrease Substantially,the Demand