In the United States, high-wage workers shun public transit and drive cars to work. These same high-income
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In the United States, high-wage workers shun public transit and drive cars to work. These same high-income individuals often support massive subsidies for public transit. Use the concept of revealed preference to explain the public demand for transportation. Can you explain this consumer behavior by high-income individuals?
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Highwage workers often shun public transit and drive their cars to work This stems from the fact tha...View the full answer
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