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Aleks [24]
3 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]3 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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Oksana_A [137]

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Explanation:

i hope it help

6 0
3 years ago
6. The motivation people feel to buy a product​
mojhsa [17]
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3 0
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Which best explains how the law of demand affects consumers?
yuradex [85]
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For a stock to be in equilibrium, two conditions are necessary: (1) The stock's market price must equal its intrinsic value as s
nevsk [136]

Answer:

True

Explanation:

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4 0
3 years ago
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dusya [7]

Answer:

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Therefore the correct option is D

And, the rest ones are incorrect  

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