Economy, asked by KAVISHPATEL, 9 months ago

there are train and bus services between Chandigarh and New Delhi if train fare between the two cities comes down how did it affect the demand for bus travel​

Answers

Answered by sriparamesha
0

:

Train and bus services between the two cities are substitutes. If the train fare falls, then the demand for bus travel will decrease as there will be more demand for train services. The demand curve of bus services will shift to left DD- D2D2

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