Principles of Economics 60389 Quiz: Week 1 Quiz 40 pts This Gu 2 pts 1 of 20 (0

Question

Principles of Economics 60389 Quiz: Week 1 Quiz 40 pts This Gu 2 pts 1 of 20 (0 complete) A university decides to change its late night bus service between the campus and student housing from a tare based This decision means that O A. bus rides remain scarce and the incentive to ride the bus remains the same O B. bus rides are no longer scarce and the incentive to ride the bus remains the same ° C. bus rides remain scarce but the incentive to ride the bus changes O D. bus rides are no longer scarce and the incentive to ride the bus changes The university's decision is OB, macroeconomic Click to select your answer O Type here to search

Explanation / Answer

C is correct

Bus rides remain scarce as there are limited number of free buses available and incentives to ride bus changes as now ot has become free.

A. Microeconomics is correct

The decision is taken at the individual level that is for college students and not at national level.

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