When incomes fall, which of the following would most likely occur?
A) Demand for luxury cars increases.
B) Demand for air travel increases.
C) Demand for expensive restaurants increases.
D) Demand for public transportation increases.

Question

Quizplus · Accepted Answer

When incomes fall, people generally look for ways to reduce their expenses. Public transportation is typically cheaper than owning and operating a personal vehicle, flying, or dining at expensive restaurants, making it a more attractive option during times of reduced income.

When Incomes Fall, Which of the Following Would Most Likely