ECONOMICS
MARKETS AND PRICES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Following the opening of the MTR South Island Line, some of the bus services to and from the Southern District were reduced. Which of the following statements is CORRECT?
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The demand for the bus services to and from the Southern District decreased.
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The bus services to and from the Southern District and the MTR South Island Line are in competitive supply.
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The fares of the bus services to and from the Southern District should be lowered.
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There is an excess demand for the bus services to and from the Southern District.
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Explanation:
There is 1 question to complete.