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Demand

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Question 24

Which of the following is most likely to cause the demand curve for an inferior good, such as public bus transport, to shift to the right?

A reduction in the fares of public bus transport

A decline in the real disposable income of consumers

A decrease in the cost of private car ownership, which is a substitute

An increase in the price of smart-card ticketing fees, which is a complement

Demand Questions

  1. A Level
  2. /Economics
  3. /Demand