Economics Suppose the graph below shows the demand for Greyhound Bus tickets for trips between Atlanta and Charlotte monthly. Initially the average disposable income of consumers was $40,000 per year and the demand is represented by Do. A reduction in income taxes and an improving economy has resulted in average disposable income rising to $44,000 per year with demand now represented by Dil a. Currently Bus tickets for the trip sell for $50. What is the income elasticity for bus tickets under the current conditions? b. Are bus tickets a normal or inferior good? e. Suppose rather than the conditions in part a, bus tickets for the trip sell for $35. What is the income elasticity for bus tickets under these conditions? d. How does your answer to part e differ from your answer to part a? Why is there a difference? Market for Bus Tickets D. . New Demand D . Intel Demand Price ()