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There are train and bus services between...

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?

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Demand curve for bus travel will shift towards left. It happens because price of substitute (train fare) has decreased and it will make the bus travel relatively costly.
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  15. When a good is called 'Substitute good'?

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  16. Why market demand curve is flatter than individual demand curve ?

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  17. Law of Demand is a :

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  18. A good is an inferior good for one and at the same time a 'normal' goo...

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  19. State any three causes of a leftward shift of a demand curve of a comm...

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