Question

example.
4. There are train and bus services between New Delhi and Jaipur. Suppose
that the train fare between the two cities comes down. How will this
affect demand curve for bus travel between the two cities?
5. Explain the following features of indifference curve:​

Answer 1

The bus curve will go down as most people will travel by train.

Explanation:

• To move from one place to another, people always look for comfortable and affordable travel vehicles.
• They always make sure that the conveyance is cheap and safe to travel.
• Bus and trains are among the most popular public transport and also affordable.
• therefore if the train prices come down then most people will travel by train as it will save their time.