Suppose one could either rent a car or take a train to travel to Chicago from Washington,D.C. If the price of train tickets increases:
A) the demand for train tickets will increase.
B) the demand for rental cars will increase.
C) the demand for train tickets will decrease.
D) the demand for rental cars will decrease.
Correct Answer:
Verified
Q41: Which of the following is NOT a
Q48: Suppose you bought a concert ticket from
Q50: In a free market, if the price
Q56: Minimum wage laws are an example of:
A)mandated
Q70: What might cause a demand function to
Q71: A decrease in the price of pizza
Q76: In the market for office workers:
A)there are
Q77: Suppose that the price of doughnuts decreases
Q78: Suppose that two recent studies conclude that
Q80: If the demand for computers shifts to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents