There are train and bus services bw new Delhi and Jaipur Suppose that the train fare be the two - Economics - Theory of Consumer Behaviour

Question

There are train and bus services bw new Delhi and Jaipur Suppose
that the train fare be the two cities comes down How will this
affect the demand curve for bus travel bw the two cities

Lakshay Singhal · Accepted Answer

Dear Student,
Rightly said by Sarvesh
Train and bus here are substitute goods, which means price of the
train fare will affect the demand for the bus It is a concept of
demand in which price of a substitute good affects the price of the
given good
Here when price of the train falls, then consumer would shift its
demand to train which would decrease the demand of bus and would
shift the demand curve of bus leftwards Similarly if the price of
the train fare rises, the demand of the bus will increase making
the demand curve of bus shift rightwards

Regards

There are train and bus services bw new Delhi and Jaipur. Suppose that the train fare be the two cities comes down. How will this affect the demand curve for bus travel bw the two cities