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Aleks [24]
4 years ago
5

​As the income of bus riders increased, the wages of bus drivers increased simultaneously. How does this affect the market for b

us rides (inferior good)?
Business
1 answer:
kondor19780726 [428]4 years ago
6 0

Answer:

The demand curve and supply curve will shift leftwards.

Explanation:

The increase in the income of riders will decrease the number of bus rides because there is an inverse relationship between income and inferior goods. Therefore, the demand curve for bus rides will shift leftwards. Moreover, the increase in wages is an input cost, therefore, the rise in input cost will shift the supply curve leftwards.

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Answer:

D. $53,000.

Explanation:

The computation of the ending cash balance is shown below:

Beginning cash balance $95,000

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Cash payment for purchases -$273,000

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Other cash expenses -$58,000

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Total cash payments (b) $460,000

Net receipts /( payments) (a) - (b) $53,000

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(c) No. It is not an opportunity cost but it is an additional benefit from the new job because he is not sacrificing anything to obtain this benefit.

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Explanation:They will know what to do

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How did the economy impact the livelihood of the 13 original colonies? open study?
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