If over the last twenty years consumer incomes declined by 20% and consumption of public transport...
If over the last twenty years consumer incomes declined by 20% and consumption of public transport increased by 10%, which of these statements must be true?
A. Public transportation’s demand curve is downward sloping.
B.Public transportation must have decreased its prices by more than 20%.
C.Public transportation is an inferior good.
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If over the last twenty years consumer incomes declined by 20%
and consumption of public transport...
Consider the truthfulness of the following statement. If the income consumption curve is downward sloping, then...
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