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If bus rides are a substitute for taxi rides, then an increase in the price of bus tickets A. raises the price of taxi rides
If bus rides are a substitute for taxi rides, then an increase in the price of bus tickets
A. raises the price of taxi rides and increases the quantity demanded of taxi rides.
B. raises the price of taxi rides and increases the quantity supplied of taxi rides.
C. lowers the price of taxi rides and decreases the quantity demanded of taxi rides.
D. lowers the price of taxi rides and decreases the quantity supplied of taxi rides.
E. causes none of the above. Could I get solution (with graph) for this question?
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